Brown Brothers Harriman & Co. Reduces Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Brown Brothers Harriman & Co. cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 167,029 shares of the conglomerate’s stock after selling 8,308 shares during the period. Brown Brothers Harriman & Co.’s holdings in Carlisle Companies were worth $75,121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies during the third quarter worth $25,000. ORG Partners LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carlisle Companies in the 2nd quarter worth $32,000. ORG Wealth Partners LLC purchased a new position in Carlisle Companies in the 3rd quarter valued at about $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Carlisle Companies during the second quarter valued at about $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction 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 sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Up 1.8 %

NYSE:CSL opened at $449.65 on Monday. The firm has a market capitalization of $20.38 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.48 and a beta of 0.91. The business has a 50 day simple moving average of $446.26 and a 200 day simple moving average of $424.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 12-month low of $272.15 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (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 analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $4.68 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CSL. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Oppenheimer raised their price target 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. Finally, StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $472.00.

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.