Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 69.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,914 shares of the conglomerate’s stock after selling 4,401 shares during the period. Cresset Asset Management LLC’s holdings in Carlisle Companies were worth $706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CSL. Diversify Advisory Services LLC boosted its position in shares of Carlisle Companies by 1.7% during the fourth quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate’s stock worth $586,000 after buying an additional 26 shares during the period. GeoWealth Management LLC boosted its position in shares of Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after buying an additional 29 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock worth $535,000 after buying an additional 38 shares during the period. Metis Global Partners LLC boosted its position in shares of Carlisle Companies by 6.4% during the fourth quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate’s stock worth $238,000 after buying an additional 39 shares during the period. Finally, TIAA Trust National Association boosted its position in shares of Carlisle Companies by 9.2% during the fourth quarter. TIAA Trust National Association now owns 581 shares of the conglomerate’s stock worth $214,000 after buying an additional 49 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CSL. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Robert W. Baird boosted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Finally, Truist Financial dropped their target price on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus target price of $454.00.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $400.90 on Wednesday. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.03 and a beta of 1.07. The stock’s 50 day moving average price is $353.74 and its 200 day moving average price is $381.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 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, June 2nd. Shareholders of record on Monday, May 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.00%. Carlisle Companies’s dividend payout ratio is currently 14.89%.

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.