Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.2% in the 3rd quarter, Holdings Channel reports. The firm owned 3,892 shares of the conglomerate’s stock after selling 257 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Carlisle Companies were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CSL. Truist Financial Corp grew its stake in Carlisle Companies by 0.8% during the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after buying an additional 2,545 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after acquiring an additional 268,685 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of Carlisle Companies by 2.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock worth $94,886,000 after acquiring an additional 6,613 shares during the last quarter. Zurich Insurance Group Ltd FI increased its holdings in shares of Carlisle Companies by 1.9% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock worth $77,694,000 after acquiring an additional 3,504 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Carlisle Companies by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock valued at $71,375,000 after purchasing an additional 4,017 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CSL. Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday. They issued a “hold” rating and a $460.00 target price for the company. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Robert W. Baird lowered their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Oppenheimer boosted their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Two research 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.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

Carlisle Companies Trading Down 1.2 %

Shares of NYSE:CSL opened at $445.34 on Monday. The company has a 50 day moving average of $442.46 and a 200-day moving average of $422.76. 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 firm has a market cap of $20.19 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.46 and a beta of 0.91. Carlisle Companies Incorporated has a twelve month low of $269.58 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 EPS. As a group, analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.90%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Carlisle Companies Company Profile

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.