Commonwealth Equity Services LLC trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,420 shares of the conglomerate’s stock after selling 977 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Carlisle Companies were worth $2,254,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Alps Advisors Inc. bought a new stake in Carlisle Companies in the third quarter worth $1,199,000. Wells Fargo & Company MN raised its stake in shares of Carlisle Companies by 33.1% in the third quarter. Wells Fargo & Company MN now owns 3,291,459 shares of the conglomerate’s stock worth $402,775,000 after purchasing an additional 818,115 shares during the last quarter. Avalon Investment & Advisory purchased a new position in shares of Carlisle Companies in the third quarter worth $2,343,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Carlisle Companies by 6.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,466 shares of the conglomerate’s stock worth $546,000 after purchasing an additional 274 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Carlisle Companies by 59.5% in the third quarter. Raymond James & Associates now owns 22,162 shares of the conglomerate’s stock worth $2,713,000 after purchasing an additional 8,267 shares during the last quarter. 89.02% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies stock opened at $147.56 on Friday. The stock has a market cap of $7.88 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.59 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.52 and a current ratio of 3.31. Carlisle Companies Incorporated has a one year low of $97.55 and a one year high of $169.86. The stock has a fifty day moving average of $130.67 and a 200 day moving average of $123.77.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, October 20th. The conglomerate reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Carlisle Companies had a return on equity of 14.60% and a net margin of 7.91%. Carlisle Companies’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.40 earnings per share. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 6.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, November 16th. Carlisle Companies’s payout ratio is 25.33%.

Several research firms have recently weighed in on CSL. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research note on Friday, November 13th. Zacks Investment Research boosted their price target on Carlisle Companies to $148.25 in a research note on Friday, October 23rd. Oppenheimer restated a “buy” rating and issued a $160.00 price target on shares of Carlisle Companies in a research note on Wednesday, October 21st. Finally, Credit Suisse Group boosted their price target on Carlisle Companies from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $157.78.

In other Carlisle Companies news, CEO D Christian Koch sold 36,787 shares of the company’s stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $143.14, for a total value of $5,265,691.18. Following the completion of the sale, the chief executive officer now owns 158,789 shares in the company, valued at $22,729,057.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. The company's Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; specialty polyurethane products; vapor and air barriers, HVAC duct sealants, and hardware; and block molded polystyrene.

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

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