Carlisle Companies Incorporated (NYSE:CSL) Stock Position Decreased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,084 shares of the conglomerate’s stock after selling 56 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Carlisle Companies were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Carlisle Companies by 141.3% during the 2nd quarter. SG Americas Securities LLC now owns 8,987 shares of the conglomerate’s stock worth $3,642,000 after purchasing an additional 5,262 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Carlisle Companies by 156.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,898 shares of the conglomerate’s stock worth $4,011,000 after purchasing an additional 6,043 shares in the last quarter. ORG Partners LLC bought a new position in Carlisle Companies during the second quarter valued at about $31,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of Carlisle Companies by 23.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,849 shares of the conglomerate’s stock worth $749,000 after buying an additional 356 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth about $608,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $425.56 on Wednesday. The firm has a fifty day moving average price of $448.81 and a two-hundred day moving average price of $426.37. Carlisle Companies Incorporated has a fifty-two week low of $291.23 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market cap of $19.29 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92.

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 the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business posted $4.68 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSL shares. Oppenheimer raised their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird reduced 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. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Truist Financial initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $472.00.

Insider Activity at Carlisle Companies

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 sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently 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.