Summit Trail Advisors LLC Reduces Stake in Carlisle Companies Incorporated (NYSE:CSL)

Summit Trail Advisors LLC decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,223 shares of the conglomerate’s stock after selling 84 shares during the period. Summit Trail Advisors LLC’s holdings in Carlisle Companies were worth $1,450,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related 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 value of $121,937.75. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Stock Up 1.8 %

Carlisle Companies stock opened at $449.65 on Monday. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.45 and a beta of 0.91. The stock has a fifty day simple moving average of $446.26 and a two-hundred day simple moving average of $424.06. Carlisle Companies Incorporated has a 12 month low of $272.15 and a 12 month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued 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 firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm earned $4.68 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Equities analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is currently 14.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird lowered their price objective 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 lifted their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies 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.