The Manufacturers Life Insurance Company Sells 2,305 Shares of Carlisle Companies Incorporated (NYSE:CSL)

The Manufacturers Life Insurance Company trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,869 shares of the conglomerate’s stock after selling 2,305 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Carlisle Companies were worth $13,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Tidal Investments LLC increased its stake in shares of Carlisle Companies by 51.1% during the first quarter. Tidal Investments LLC now owns 2,790 shares of the conglomerate’s stock valued at $1,093,000 after purchasing an additional 944 shares in the last quarter. Cetera Investment Advisers raised its stake in Carlisle Companies by 188.0% during the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock valued at $3,235,000 after buying an additional 5,389 shares during the last quarter. Cetera Advisors LLC bought a new stake in Carlisle Companies in the first quarter worth $811,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Carlisle Companies by 43.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 317 shares of the conglomerate’s stock worth $128,000 after acquiring an additional 96 shares during the last quarter. Finally, DNB Asset Management AS increased its holdings in shares of Carlisle Companies by 1.1% during the second quarter. DNB Asset Management AS now owns 11,915 shares of the conglomerate’s stock valued at $4,828,000 after acquiring an additional 131 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on CSL shares. Robert W. Baird cut their price objective on shares of 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 raised their price target 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. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $472.00.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s 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 sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $456.70 on Monday. The firm has a fifty day simple moving average of $449.55 and a two-hundred day simple moving average of $425.54. The firm has a market cap of $20.70 billion, a PE ratio of 16.16, a P/E/G ratio of 1.50 and a beta of 0.91. 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 1-year low of $272.20 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted 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). The firm had revenue of $1.33 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company posted $4.68 EPS. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.88%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Carlisle Companies Company Profile

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.