Carlisle Companies Incorporated (NYSE:CSL) Stock Position Reduced by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,483 shares of the conglomerate’s stock after selling 43 shares during the quarter. Benson Investment Management Company Inc.’s holdings in Carlisle Companies were worth $3,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Choreo LLC purchased a new stake in shares of Carlisle Companies during the second quarter worth $259,000. American Century Companies Inc. increased its position in Carlisle Companies by 18.7% in the 2nd quarter. American Century Companies Inc. now owns 74,021 shares of the conglomerate’s stock worth $29,994,000 after purchasing an additional 11,668 shares during the last quarter. Meeder Advisory Services Inc. purchased a new stake in shares of Carlisle Companies during the 2nd quarter worth about $233,000. Federated Hermes Inc. lifted its holdings in shares of Carlisle Companies by 17.1% during the 2nd quarter. Federated Hermes Inc. now owns 6,749 shares of the conglomerate’s stock valued at $2,735,000 after buying an additional 988 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at approximately $1,054,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $373.65 on Tuesday. Carlisle Companies Incorporated has a 1-year low of $297.25 and a 1-year high of $481.26. The firm has a fifty day simple moving average of $415.87 and a 200-day simple moving average of $420.97. 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 stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.41 and a beta of 0.96.

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

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSL. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Loop Capital decreased their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday. Finally, Oppenheimer restated an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target of $474.00.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.