Precision Wealth Strategies LLC Sells 78 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Precision Wealth Strategies LLC decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 7.2% during the third quarter, Holdings Channel reports. The fund owned 1,008 shares of the conglomerate’s stock after selling 78 shares during the period. Precision Wealth Strategies LLC’s holdings in Carlisle Companies were worth $453,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CSL. ORG Partners LLC bought a new position in Carlisle Companies in the second quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Carlisle Companies in the second quarter worth about $32,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies in the third quarter worth about $32,000. Gilliland Jeter Wealth Management LLC purchased a new stake in Carlisle Companies in the second quarter worth about $39,000. Finally, Sound Income Strategies LLC increased its position in Carlisle Companies by 564.7% in the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after buying an additional 96 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Robert W. Baird upped their price target on Carlisle Companies from $500.00 to $506.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Oppenheimer restated an “outperform” rating and issued a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Finally, StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $470.25.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Stock Performance

NYSE:CSL opened at $468.32 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 12-month low of $235.79 and a 12-month high of $481.26. The stock has a 50-day moving average price of $429.00 and a 200 day moving average price of $414.34. The stock has a market capitalization of $22.29 billion, a P/E ratio of 27.15, a P/E/G ratio of 1.52 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.40. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.18 EPS. Equities research analysts forecast that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, August 20th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is currently 23.19%.

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.