Parsons Capital Management Inc. RI Sells 679 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Parsons Capital Management Inc. RI lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,986 shares of the conglomerate’s stock after selling 679 shares during the period. Parsons Capital Management Inc. RI’s holdings in Carlisle Companies were worth $2,946,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies in the third quarter worth $25,000. ORG Wealth Partners LLC bought a new stake in Carlisle Companies during the third quarter worth $32,000. True Wealth Design LLC raised its position in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. raised its position in Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after acquiring an additional 92 shares in the last quarter. Finally, Quarry LP raised its position in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CSL. Loop Capital dropped their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, The Goldman Sachs Group decreased their price target 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Down 1.4 %

Shares of Carlisle Companies stock opened at $399.56 on Monday. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.19 and a beta of 0.96. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 12-month low of $302.44 and a 12-month high of $481.26. The firm’s 50-day moving average price is $406.70 and its two-hundred day moving average price is $420.40.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for 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 company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. On average, analysts forecast that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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

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.