Cynosure Group LLC Reduces Stake in Carlisle Companies Incorporated (NYSE:CSL)

Cynosure Group LLC trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 837 shares of the conglomerate’s stock after selling 75 shares during the quarter. Cynosure Group LLC’s holdings in Carlisle Companies were worth $376,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. TD Asset Management Inc boosted its position in shares of Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after buying an additional 268,685 shares in the last quarter. FMR LLC grew its position in shares of Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after purchasing an additional 218,002 shares during the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $65,041,000. Swedbank AB acquired a new position in shares of Carlisle Companies during the 1st quarter worth approximately $31,218,000. Finally, Shellback Capital LP lifted its stake in Carlisle Companies by 451.9% in the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after buying an additional 65,600 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 0.8 %

Shares of NYSE:CSL opened at $457.59 on Friday. 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 $20.74 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.55 and a beta of 0.91. The stock’s 50-day moving average price is $448.75 and its two-hundred day moving average price is $424.97. Carlisle Companies Incorporated has a 12-month low of $272.15 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last released its 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). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $4.68 earnings per share. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. 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%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSL. 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. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. 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 note on Tuesday, October 22nd. Finally, Robert W. Baird cut their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.