JPMorgan Chase & Co. Sells 48,889 Shares of Carlisle Companies Incorporated (NYSE:CSL)

JPMorgan Chase & Co. reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,100,933 shares of the conglomerate’s stock after selling 48,889 shares during the quarter. JPMorgan Chase & Co.’s holdings in Carlisle Companies were worth $495,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama raised its holdings in Carlisle Companies by 0.4% during the 3rd quarter. Retirement Systems of Alabama now owns 100,593 shares of the conglomerate’s stock worth $45,242,000 after purchasing an additional 406 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Carlisle Companies by 1.4% during the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after buying an additional 16,303 shares during the period. Tidal Investments LLC raised its stake in Carlisle Companies by 23.9% during the third quarter. Tidal Investments LLC now owns 7,137 shares of the conglomerate’s stock worth $3,210,000 after buying an additional 1,379 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Carlisle Companies by 0.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 7,028 shares of the conglomerate’s stock valued at $3,161,000 after buying an additional 59 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Carlisle Companies by 54.5% during the third quarter. Sanctuary Advisors LLC now owns 3,239 shares of the conglomerate’s stock valued at $1,456,000 after acquiring an additional 1,142 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $371.99 on Friday. The business’s 50-day moving average price is $430.43 and its 200-day moving average price is $424.52. The firm has a market capitalization of $16.86 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. Carlisle Companies Incorporated has a 12 month low of $297.25 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 posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share 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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $4.68 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.08%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insider Activity at Carlisle Companies

In other Carlisle Companies 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSL has been the topic of several research analyst reports. Oppenheimer restated an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Finally, Robert W. Baird lowered their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $470.00.

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.