Bridgewater Associates LP Trims Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Bridgewater Associates LP decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,524 shares of the conglomerate's stock after selling 17,403 shares during the period. Bridgewater Associates LP owned approximately 0.12% of Carlisle Companies worth $20,111,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Pensionfund Sabic bought a new stake in Carlisle Companies in the 4th quarter worth approximately $1,291,000. Nordea Investment Management AB increased its position in Carlisle Companies by 3.9% in the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock worth $1,440,000 after purchasing an additional 145 shares during the last quarter. Moody National Bank Trust Division purchased a new stake in Carlisle Companies during the fourth quarter valued at $872,000. Asset Management One Co. Ltd. lifted its position in Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock valued at $7,695,000 after purchasing an additional 1,102 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after buying an additional 38 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction 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 transaction, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mehul Patel sold 150 shares of the company's stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now owns 815 shares of the company's stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Carlisle Companies Stock Up 1.3 %

CSL stock traded up $4.59 during trading on Friday, hitting $352.82. 274,367 shares of the company's stock traded hands, compared to its average volume of 388,488. The business has a fifty day simple moving average of $341.06 and a two-hundred day simple moving average of $391.29. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $15.58 billion, a P/E ratio of 12.77, a PEG ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data 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 in the previous year, the company posted $4.17 earnings per share. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies's payout ratio is presently 14.48%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Loop Capital lowered 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. Oppenheimer reaffirmed an "outperform" rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, The Goldman Sachs Group reduced their price objective 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $476.00.

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.