Centerstone Investors LLC Cuts Position in Carlisle Companies Incorporated (NYSE:CSL)

Centerstone Investors LLC lowered its position in Carlisle Companies Incorporated (NYSE:CSL) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,736 shares of the conglomerate’s stock after selling 823 shares during the quarter. Carlisle Companies makes up approximately 2.4% of Centerstone Investors LLC’s portfolio, making the stock its 14th biggest position. Centerstone Investors LLC’s holdings in Carlisle Companies were worth $2,580,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CSL. Capital Performance Advisors LLP bought a new stake in Carlisle Companies in the 3rd quarter worth $25,000. ORG Wealth Partners LLC purchased a new position in Carlisle Companies during the 3rd quarter valued at about $32,000. True Wealth Design LLC raised its position in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares during the last quarter. ORG Partners LLC purchased a new stake in Carlisle Companies in the 2nd quarter worth approximately $31,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $39,000. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of research analyst reports. Oppenheimer boosted their price objective 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 downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. Finally, Robert W. Baird lowered their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Insider Activity at Carlisle Companies

In other 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded down $2.30 during trading hours on Thursday, reaching $424.76. The stock had a trading volume of 19,819 shares, compared to its average volume of 323,050. The firm has a market capitalization of $19.25 billion, a PE ratio of 15.10, a PEG ratio of 1.45 and a beta of 0.92. The stock’s 50 day moving average is $448.43 and its 200 day moving average is $426.37. 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 twelve month low of $291.23 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $4.68 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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