Assenagon Asset Management S.A. Sells 35,513 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Assenagon Asset Management S.A. lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 56.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,086 shares of the conglomerate's stock after selling 35,513 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Carlisle Companies worth $9,990,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CSL. Oak Thistle LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $615,000. Moody National Bank Trust Division bought a new stake in Carlisle Companies in the fourth quarter worth $872,000. Tilia Fiduciary Partners Inc. grew its stake in shares of Carlisle Companies by 3.7% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 7,211 shares of the conglomerate's stock worth $2,660,000 after acquiring an additional 254 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Carlisle Companies by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate's stock valued at $1,527,000 after acquiring an additional 43 shares in the last quarter. Finally, Douglas Lane & Associates LLC purchased a new position in shares of Carlisle Companies in the 4th quarter worth about $787,000. Institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Oppenheimer reissued an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Truist Financial initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 price target for the company. The Goldman Sachs Group lowered 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. Loop Capital decreased their price target on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, Robert W. Baird dropped their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $476.00.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the firm'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 transaction, the vice president now owns 2,834 shares of the company's stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company's stock.

Carlisle Companies Stock Performance

CSL traded up $5.06 during mid-day trading on Friday, reaching $400.46. 363,755 shares of the company traded hands, compared to its average volume of 318,465. The stock has a market capitalization of $18.15 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.09 and a beta of 0.96. Carlisle Companies Incorporated has a 52-week low of $302.08 and a 52-week high of $481.26. 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 company's fifty day moving average price is $411.47 and its 200-day moving average price is $420.53.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $4.68 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. Carlisle Companies's dividend payout ratio is currently 14.15%.

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.