Pathstone Holdings LLC Sells 159 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Pathstone Holdings LLC cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,270 shares of the conglomerate’s stock after selling 159 shares during the quarter. Pathstone Holdings LLC’s holdings in Carlisle Companies were worth $2,820,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies during the third quarter valued at approximately $25,000. ORG Partners LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies during the 2nd quarter valued at $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter worth $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies in the second quarter worth $39,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Oppenheimer boosted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus price target of $472.00.

Carlisle Companies Price Performance

NYSE CSL opened at $469.99 on Tuesday. 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 Incorporated has a 12 month low of $272.15 and a 12 month high of $481.26. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.48 and a beta of 0.91. The company’s 50 day moving average is $447.29 and its two-hundred day moving average is $424.42.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share 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 firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the firm posted $4.68 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the firm’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 completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

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.