Farther Finance Advisors LLC Sells 127 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Farther Finance Advisors LLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 60.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 82 shares of the conglomerate’s stock after selling 127 shares during the quarter. Farther Finance Advisors LLC’s holdings in Carlisle Companies were worth $37,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. TD Asset Management Inc boosted its holdings in shares of Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after buying an additional 268,685 shares during the period. Epoch Investment Partners Inc. bought a new stake in Carlisle Companies during the second quarter valued at about $65,041,000. Swedbank AB acquired a new stake in shares of Carlisle Companies in the first quarter valued at about $31,218,000. Shellback Capital LP increased its stake in shares of Carlisle Companies by 451.9% in the second quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock worth $32,465,000 after purchasing an additional 65,600 shares during the period. Finally, Natixis Advisors LLC lifted its position in shares of Carlisle Companies by 109.0% during the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock worth $49,999,000 after purchasing an additional 64,351 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CSL shares. Robert W. Baird dropped their price target on 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 boosted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial started coverage on shares of Carlisle Companies in a report on Thursday. They issued a “hold” rating and a $460.00 price target for the company. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Stock Down 0.9 %

NYSE:CSL opened at $450.58 on Friday. 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 $269.58 and a 12-month high of $481.26. The stock’s fifty day simple moving average is $441.60 and its 200-day simple moving average is $421.92. The firm has a market capitalization of $20.42 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.48 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted its 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). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $4.68 earnings per share. Carlisle Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.89%. 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.