Next Level Private LLC Sells 5,118 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Next Level Private LLC cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 22.1% during the fourth quarter, HoldingsChannel reports. The firm owned 18,019 shares of the conglomerate’s stock after selling 5,118 shares during the period. Carlisle Companies comprises about 2.7% of Next Level Private LLC’s investment portfolio, making the stock its 10th biggest holding. Next Level Private LLC’s holdings in Carlisle Companies were worth $6,646,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CSL. Resonant Capital Advisors LLC increased its stake in shares of Carlisle Companies by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock worth $332,000 after acquiring an additional 24 shares during the period. Tributary Capital Management LLC increased its stake in shares of Carlisle Companies by 1.1% during the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after acquiring an additional 24 shares during the period. Diversify Advisory Services LLC increased its stake in shares of Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after acquiring an additional 25 shares during the period. Equitable Trust Co. increased its stake in shares of Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock worth $3,874,000 after acquiring an additional 25 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after acquiring an additional 30 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $397.55 on Tuesday. Carlisle Companies Incorporated has a 52-week low of $308.44 and a 52-week high of $481.26. The firm has a fifty day moving average of $405.87 and a 200-day moving average of $420.20. The firm has a market capitalization of $18.02 billion, a P/E ratio of 14.07, a PEG ratio of 1.19 and a beta of 0.96. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 1.01%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSL. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital decreased their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Oppenheimer reissued an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $476.00.

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.