Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 381,768 shares of the conglomerate's stock after selling 26,248 shares during the period. Bank of New York Mellon Corp owned approximately 0.84% of Carlisle Companies worth $140,811,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of Carlisle Companies by 24.1% during the third quarter. Private Advisor Group LLC now owns 823 shares of the conglomerate's stock worth $370,000 after purchasing an additional 160 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Carlisle Companies by 7.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,625 shares of the conglomerate's stock valued at $4,779,000 after buying an additional 727 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Carlisle Companies by 4.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 935 shares of the conglomerate's stock valued at $421,000 after buying an additional 40 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at about $216,000. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Carlisle Companies by 2.7% in the third quarter. Princeton Global Asset Management LLC now owns 18,625 shares of the conglomerate's stock worth $8,377,000 after buying an additional 485 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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Carlisle Companies Trading Down 0.6 %

Shares of CSL stock traded down $2.05 on Tuesday, hitting $330.97. 223,606 shares of the stock traded hands, compared to its average volume of 420,764. Carlisle Companies Incorporated has a twelve month low of $321.93 and a twelve month high of $481.26. The stock has a market capitalization of $14.75 billion, a PE ratio of 11.97, a PEG ratio of 1.03 and a beta of 0.96. The firm's 50-day moving average price is $369.36 and its two-hundred day moving average price is $410.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

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

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's dividend payout ratio is presently 14.48%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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 value of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the business's stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares of the company's stock, valued at approximately $285,681.95. This represents 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.

Carlisle Companies Company 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.