Harvest Fund Management Co. Ltd Reduces Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Harvest Fund Management Co. Ltd trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 51.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 385 shares of the conglomerate’s stock after selling 400 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Carlisle Companies were worth $173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSL. Daiwa Securities Group Inc. grew its holdings in Carlisle Companies by 6.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 19,355 shares of the conglomerate’s stock valued at $8,705,000 after buying an additional 1,200 shares in the last quarter. Crewe Advisors LLC grew its stake in Carlisle Companies by 37.6% during the third quarter. Crewe Advisors LLC now owns 293 shares of the conglomerate’s stock valued at $132,000 after acquiring an additional 80 shares in the last quarter. Larson Financial Group LLC increased its holdings in Carlisle Companies by 123.6% during the 3rd quarter. Larson Financial Group LLC now owns 635 shares of the conglomerate’s stock worth $286,000 after acquiring an additional 351 shares during the period. Cerity Partners LLC lifted its stake in Carlisle Companies by 49.0% in the 3rd quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate’s stock worth $3,126,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Nicolet Advisory Services LLC boosted its holdings in Carlisle Companies by 7.2% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,237 shares of the conglomerate’s stock valued at $554,000 after purchasing an additional 83 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Down 0.8 %

Shares of CSL stock opened at $457.73 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The firm has a market cap of $20.75 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. The business has a 50-day moving average price of $448.11 and a two-hundred day moving average price of $424.74. Carlisle Companies Incorporated has a 12-month low of $272.15 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued 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). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.68 EPS. Equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is presently 14.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Robert W. Baird lowered their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Profile

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.