Shayne & Jacobs LLC Cuts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Shayne & Jacobs LLC lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,875 shares of the conglomerate’s stock after selling 360 shares during the quarter. Carlisle Companies makes up about 0.6% of Shayne & Jacobs LLC’s portfolio, making the stock its 22nd biggest position. Shayne & Jacobs LLC’s holdings in Carlisle Companies were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $25,000. True Wealth Design LLC grew its stake in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after buying an additional 70 shares during the last quarter. Quarry LP increased its position in Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares in the last quarter. UMB Bank n.a. raised its stake in Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after buying an additional 67 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Carlisle Companies by 19.3% in the third quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 2.1 %

NYSE:CSL opened at $339.26 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company’s fifty day moving average price is $372.77 and its 200-day moving average price is $412.61. Carlisle Companies Incorporated has a 1-year low of $332.04 and a 1-year high of $481.26. The firm has a market capitalization of $15.12 billion, a P/E ratio of 12.28, a PEG ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter last year, the company posted $4.17 earnings per share. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.18%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Analysts Set New Price Targets

CSL has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Loop Capital decreased their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Oppenheimer reiterated an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Buying and Selling at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.