Inspire Investing LLC Decreases Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Inspire Investing LLC trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 26.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,790 shares of the conglomerate’s stock after selling 2,498 shares during the quarter. Inspire Investing LLC’s holdings in Carlisle Companies were worth $3,054,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in Carlisle Companies in the 4th quarter worth about $31,000. ORG Partners LLC purchased a new stake in Carlisle Companies in the 2nd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Carlisle Companies in the 2nd quarter worth about $32,000. Gilliland Jeter Wealth Management LLC purchased a new stake in Carlisle Companies in the 2nd quarter worth about $39,000. Finally, Sound Income Strategies LLC raised its position in Carlisle Companies by 564.7% in the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after purchasing an additional 96 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer restated an “outperform” rating and issued a $480.00 target price (up from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Finally, Robert W. Baird upped their target price on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and an average target price of $468.75.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Carlisle Companies Price Performance

NYSE CSL opened at $470.25 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The firm’s 50 day moving average price is $420.05 and its 200-day moving average price is $411.41. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $471.49. The company has a market cap of $21.74 billion, a PE ratio of 16.62, a P/E/G ratio of 1.52 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned $5.18 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.85%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is 14.13%.

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.