Harvest Fund Management Co. Ltd Reduces Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Harvest Fund Management Co. Ltd lessened its position in Carlisle Companies Incorporated (NYSE:CSL) by 51.0% during the third quarter, Holdings Channel.com reports. The fund owned 385 shares of the conglomerate’s stock after selling 400 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Carlisle Companies were worth $173,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Carlisle Companies during the 3rd quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new position in Carlisle Companies during the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Carlisle Companies in the 2nd quarter worth $32,000. ORG Partners LLC purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth about $31,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CSL shares. Robert W. Baird decreased their price target 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. Oppenheimer raised their target price on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was 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 in the company, 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 available at this link. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $457.73 on Thursday. The company has a 50 day simple moving average of $448.11 and a two-hundred day simple moving average of $424.74. Carlisle Companies Incorporated has a fifty-two week low of $272.15 and a fifty-two week high of $481.26. The company has a market capitalization of $20.75 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data 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 analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.68 earnings per share. Analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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 given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Carlisle Companies 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.