Isthmus Partners LLC Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Isthmus Partners LLC trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,777 shares of the conglomerate’s stock after selling 119 shares during the period. Isthmus Partners LLC’s holdings in Carlisle Companies were worth $1,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vinva Investment Management Ltd grew its position in Carlisle Companies by 64.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 26,599 shares of the conglomerate’s stock valued at $11,826,000 after buying an additional 10,472 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Carlisle Companies by 14.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after buying an additional 41,766 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Carlisle Companies by 118.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,714 shares of the conglomerate’s stock valued at $18,761,000 after buying an additional 22,586 shares during the last quarter. Glenmede Trust Co. NA grew its position in Carlisle Companies by 11.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,003 shares of the conglomerate’s stock valued at $451,000 after buying an additional 105 shares during the last quarter. Finally, Bridgewater Associates LP boosted its position in shares of Carlisle Companies by 77.8% during the 3rd quarter. Bridgewater Associates LP now owns 71,927 shares of the conglomerate’s stock worth $32,349,000 after purchasing an additional 31,470 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP David W. Smith sold 275 shares of the business’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 completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CSL shares. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer boosted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Finally, Robert W. Baird decreased their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $457.58 on Friday. Carlisle Companies Incorporated has a 52 week low of $272.20 and a 52 week high of $481.26. 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 firm’s 50-day simple moving average is $449.13 and its 200 day simple moving average is $425.19. The firm has a market capitalization of $20.74 billion, a PE ratio of 16.19, a P/E/G ratio of 1.51 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $4.68 earnings per share. Carlisle Companies’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given 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 0.87%. Carlisle Companies’s dividend payout ratio is presently 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.