Sendero Wealth Management LLC Lowers Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Sendero Wealth Management LLC cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 43.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,234 shares of the conglomerate's stock after selling 940 shares during the period. Sendero Wealth Management LLC's holdings in Carlisle Companies were worth $455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies during the 3rd quarter worth approximately $32,000. True Wealth Design LLC raised its holdings in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after acquiring an additional 92 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock worth $60,000 after acquiring an additional 57 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 1.8 %

Carlisle Companies stock traded up $6.89 during midday trading on Thursday, hitting $394.99. 320,403 shares of the stock were exchanged, compared to its average volume of 297,180. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The stock's 50-day simple moving average is $413.56 and its 200 day simple moving average is $420.58. Carlisle Companies Incorporated has a fifty-two week low of $299.98 and a fifty-two week high of $481.26. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.09 and a beta of 0.96.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $4.68 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, November 15th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.15%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now owns 2,834 shares of the company's stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CSL. Loop Capital reduced their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Robert W. Baird reduced their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Oppenheimer restated an "outperform" rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They set a "hold" rating and a $460.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $476.00.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.