Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 91.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 534 shares of the conglomerate's stock after selling 5,502 shares during the quarter. XTX Topco Ltd's holdings in Carlisle Companies were worth $240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies in the third quarter worth $25,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies during the 3rd quarter valued at about $32,000. True Wealth Design LLC boosted its position in shares of Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after purchasing an additional 70 shares during the period. Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies in the 2nd quarter worth $39,000. Finally, UMB Bank n.a. boosted its stake 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 worth $54,000 after acquiring an additional 92 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on CSL. StockNews.com cut Carlisle Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 price target on the stock. Robert W. Baird lowered their price objective 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. Finally, Oppenheimer lifted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus target price of $472.00.

Carlisle Companies Price Performance

Shares of NYSE CSL traded down $6.21 during midday trading on Thursday, hitting $377.88. The stock had a trading volume of 581,225 shares, compared to its average volume of 325,824. The stock has a 50 day simple moving average of $441.84 and a 200-day simple moving average of $425.68. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $17.13 billion, a PE ratio of 13.37, a P/E/G ratio of 1.41 and a beta of 0.92. Carlisle Companies Incorporated has a 1 year low of $297.25 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released 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 net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the firm posted $4.68 earnings per share. Carlisle Companies's revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 1.06%. Carlisle Companies's dividend payout ratio is currently 14.15%.

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.