abrdn plc Lowers Position in Carlisle Companies Incorporated (NYSE:CSL)

abrdn plc lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,773 shares of the conglomerate's stock after selling 38,772 shares during the period. abrdn plc owned 0.22% of Carlisle Companies worth $37,521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Pensionfund Sabic purchased a new position in Carlisle Companies during the fourth quarter valued at $1,291,000. KBC Group NV increased its holdings in shares of Carlisle Companies by 34.9% during the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock valued at $4,788,000 after acquiring an additional 2,752 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock worth $391,827,000 after purchasing an additional 102,436 shares during the last quarter. Quest Partners LLC grew its position in Carlisle Companies by 624.8% during the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate's stock valued at $2,090,000 after purchasing an additional 4,005 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Carlisle Companies during the 3rd quarter valued at about $631,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Robert W. Baird dropped 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. Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective on the stock. Oppenheimer reissued an "outperform" rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Loop Capital reduced their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $476.00.

Insider Buying and Selling at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David W. Smith sold 275 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company's stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $1.33 during midday trading on Friday, hitting $350.70. 372,403 shares of the stock traded hands, compared to its average volume of 389,157. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a one year low of $337.01 and a one year high of $481.26. The firm has a market capitalization of $15.90 billion, a P/E ratio of 12.69, a PEG ratio of 1.04 and a beta of 0.96. The firm has a 50-day moving average of $392.01 and a two-hundred day moving average of $416.88.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the previous year, the business earned $4.17 EPS. On average, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.14%. Carlisle Companies's dividend payout ratio (DPR) is 14.48%.

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.