Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,700 shares of the conglomerate’s stock after selling 144 shares during the period. Stratos Wealth Advisors LLC’s holdings in Carlisle Companies were worth $996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E. Ohman J or Asset Management AB grew its stake in shares of Carlisle Companies by 21.1% in the fourth quarter. E. Ohman J or Asset Management AB now owns 2,300 shares of the conglomerate’s stock valued at $848,000 after buying an additional 400 shares in the last quarter. Trust Point Inc. boosted its holdings in Carlisle Companies by 147.1% during the 4th quarter. Trust Point Inc. now owns 2,493 shares of the conglomerate’s stock valued at $920,000 after acquiring an additional 1,484 shares during the period. One Wealth Advisors LLC grew its position in Carlisle Companies by 59.3% in the 4th quarter. One Wealth Advisors LLC now owns 884 shares of the conglomerate’s stock valued at $326,000 after acquiring an additional 329 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in Carlisle Companies during the fourth quarter worth about $2,584,000. Finally, Spire Wealth Management lifted its position in shares of Carlisle Companies by 7.5% during the fourth quarter. Spire Wealth Management now owns 1,906 shares of the conglomerate’s stock worth $703,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $349.66 on Friday. Carlisle Companies Incorporated has a 12 month low of $333.50 and a 12 month 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 firm has a market capitalization of $15.85 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.96. The business’s fifty day moving average price is $394.15 and its 200 day moving average price is $417.50.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. During the same quarter in the previous year, the company posted $4.17 earnings per share. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.14%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insiders Place Their Bets

In related news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CSL has been the subject of a number of research reports. Oppenheimer restated an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group cut their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird decreased their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Loop Capital cut their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Truist Financial initiated coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $476.00.

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.