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Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by LPL Financial LLC

Carlisle Companies logo with Multi-Sector Conglomerates background

LPL Financial LLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,476 shares of the conglomerate's stock after selling 5,915 shares during the period. LPL Financial LLC owned approximately 0.10% of Carlisle Companies worth $14,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CX Institutional purchased a new stake in Carlisle Companies during the first quarter worth about $49,000. GeoWealth Management LLC increased its stake in 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 purchasing an additional 29 shares during the period. Wayfinding Financial LLC purchased a new stake in Carlisle Companies during the first quarter worth about $55,000. Allworth Financial LP increased its stake in Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after purchasing an additional 42 shares during the period. Finally, Quarry LP increased its stake in Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after purchasing an additional 53 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CSL. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price target on the stock. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Truist Financial lowered their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Robert W. Baird upped their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $450.83.

Read Our Latest Analysis on CSL

Carlisle Companies Stock Up 3.5%

Shares of CSL stock traded up $12.25 during trading hours on Friday, reaching $366.70. 542,505 shares of the stock were exchanged, compared to its average volume of 527,788. The business's fifty day moving average is $385.57 and its two-hundred day moving average is $369.51. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm has a market capitalization of $15.68 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.16 and a beta of 1.05. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.24 earnings per share. As a group, research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies's dividend payout ratio is currently 22.35%.

Carlisle Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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