Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 20.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 535 shares of the conglomerate’s stock after selling 134 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Carlisle Companies were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Driehaus Capital Management LLC increased its stake in Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after acquiring an additional 17,472 shares during the last quarter. KBC Group NV increased its position in Carlisle Companies by 34.9% during the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after purchasing an additional 2,752 shares in the last quarter. Quest Partners LLC raised its holdings in Carlisle Companies by 624.8% in the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after buying an additional 4,005 shares during the period. Meridian Wealth Management LLC purchased a new position in Carlisle Companies in the third quarter valued at approximately $631,000. Finally, Hsbc Holdings PLC lifted its position in Carlisle Companies by 22.5% during the second quarter. Hsbc Holdings PLC now owns 14,520 shares of the conglomerate’s stock valued at $5,893,000 after buying an additional 2,668 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSL. Robert W. Baird cut their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer upped their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $472.00.

Carlisle Companies Stock Down 0.9 %

Shares of NYSE CSL opened at $416.29 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a 1 year low of $297.25 and a 1 year high of $481.26. The stock’s 50-day simple moving average is $446.26 and its 200-day simple moving average is $426.40. The firm has a market cap of $18.87 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.41 and a beta of 0.92.

Carlisle Companies (NYSE:CSL) last announced its 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). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $4.68 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is currently 14.15%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated 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 transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.