Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,357 shares of the conglomerate's stock after selling 43,026 shares during the quarter. Alliancebernstein L.P. owned approximately 0.44% of Carlisle Companies worth $72,793,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Carlisle Companies during the 4th quarter worth about $208,095,000. Madison Investment Advisors LLC purchased a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $148,208,000. AustralianSuper Pty Ltd boosted its stake in shares of Carlisle Companies by 732.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock valued at $52,691,000 after purchasing an additional 125,687 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock valued at $391,827,000 after buying an additional 102,436 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Carlisle Companies in the fourth quarter worth approximately $29,839,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Up 2.0 %

Shares of Carlisle Companies stock traded up $6.57 during trading on Tuesday, reaching $333.69. The company's stock had a trading volume of 139,407 shares, compared to its average volume of 466,203. The company has a 50-day simple moving average of $347.36 and a two-hundred day simple moving average of $397.98. Carlisle Companies Incorporated has a 1-year low of $312.60 and a 1-year high of $481.26. The company has a market cap of $14.73 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts' consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter last year, the business earned $4.17 EPS. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.20%. Carlisle Companies's payout ratio is 14.48%.

Insiders Place Their Bets

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares of the company's stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares of the company's stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CSL shares. Oppenheimer reiterated an "outperform" rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Loop Capital decreased their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus target price 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.