Alhambra Investment Management LLC Sells 70 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Alhambra Investment Management LLC lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,848 shares of the conglomerate’s stock after selling 70 shares during the quarter. Alhambra Investment Management LLC’s holdings in Carlisle Companies were worth $682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC grew its stake in Carlisle Companies by 27.6% in the 4th quarter. Merit Financial Group LLC now owns 1,717 shares of the conglomerate’s stock valued at $633,000 after purchasing an additional 371 shares during the period. Wedge Capital Management L L P NC increased its holdings in Carlisle Companies by 11.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 50,640 shares of the conglomerate’s stock worth $18,678,000 after acquiring an additional 5,111 shares during the period. Boston Common Asset Management LLC bought a new stake in Carlisle Companies during the fourth quarter valued at $3,229,000. Ritholtz Wealth Management boosted its position in shares of Carlisle Companies by 12.9% during the 4th quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate’s stock valued at $481,000 after acquiring an additional 149 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Carlisle Companies by 371.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 363 shares of the conglomerate’s stock valued at $134,000 after purchasing an additional 286 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer reiterated an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Loop Capital lowered their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Finally, Robert W. Baird lowered 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 note on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $476.00.

Insiders Place Their Bets

In related news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Up 1.3 %

NYSE:CSL opened at $400.46 on Friday. Carlisle Companies Incorporated has a 12 month low of $302.08 and a 12 month high of $481.26. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 1.09 and a beta of 0.96. The company has a 50-day moving average price of $411.47 and a 200-day moving average price of $420.42. 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 posted its quarterly earnings data 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). 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 quarter last year, the company posted $4.68 EPS. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Dividend Announcement

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

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.