Carlisle Companies Incorporated (NYSE:CSL) Stock Holdings Reduced by Procyon Advisors LLC

Procyon Advisors LLC cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 30.1% in the fourth quarter, Holdings Channel reports. The firm owned 2,052 shares of the conglomerate’s stock after selling 885 shares during the period. Procyon Advisors LLC’s holdings in Carlisle Companies were worth $757,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CSL. Ritholtz Wealth Management lifted its stake in Carlisle Companies by 12.9% in the fourth quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate’s stock valued at $481,000 after acquiring an additional 149 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Carlisle Companies by 371.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 363 shares of the conglomerate’s stock valued at $134,000 after purchasing an additional 286 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $255,000. Oak Thistle LLC bought a new stake in Carlisle Companies in the fourth quarter worth $615,000. Finally, Moody National Bank Trust Division acquired a new position in Carlisle Companies during the fourth quarter worth $872,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Trading Up 1.3 %

Shares of Carlisle Companies stock opened at $400.46 on Friday. Carlisle Companies Incorporated has a 1 year low of $302.08 and a 1 year high of $481.26. The company’s fifty day simple moving average is $411.47 and its 200-day simple moving average is $420.53. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.09 and a beta of 0.96. 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 (NYSE:CSL) last posted 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). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.68 earnings per share. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 1.00%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Insiders Place Their Bets

In other 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 completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

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.