Parsons Capital Management Inc. RI Has $2.95 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Parsons Capital Management Inc. RI decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,986 shares of the conglomerate’s stock after selling 679 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Carlisle Companies were worth $2,946,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Carlisle Companies during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter worth about $32,000. True Wealth Design LLC increased its position in shares of 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 purchasing an additional 70 shares in the last quarter. UMB Bank n.a. increased its position in Carlisle Companies by 317.2% in the 3rd 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 increased its position in Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Loop Capital dropped their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group dropped their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird dropped 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 note on Friday, October 25th. Finally, Truist Financial assumed coverage on shares of 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 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, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 1.4 %

Shares of NYSE:CSL opened at $399.56 on Monday. Carlisle Companies Incorporated has a one year low of $302.44 and a one year high of $481.26. The company has a 50 day moving average of $406.70 and a 200-day moving average of $420.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 1.19 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data 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). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.68 EPS. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, November 15th. 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.