Vanguard Group Inc. Trims Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Vanguard Group Inc. cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,640,902 shares of the conglomerate's stock after selling 112,817 shares during the period. Vanguard Group Inc. owned about 10.24% of Carlisle Companies worth $1,711,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of Carlisle Companies by 1.4% in the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate's stock valued at $566,061,000 after acquiring an additional 16,303 shares in the last quarter. FMR LLC increased its position in Carlisle Companies by 29.6% during the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock valued at $429,641,000 after purchasing an additional 218,002 shares during the period. Geode Capital Management LLC raised its holdings 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 valued at $391,827,000 after purchasing an additional 102,436 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $148,208,000. Finally, Truist Financial Corp boosted its stake in shares of Carlisle Companies by 3.9% during the fourth quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate's stock valued at $133,776,000 after purchasing an additional 13,505 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the business's 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 sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the firm'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 completion of the transaction, 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.

Carlisle Companies Stock Down 0.5 %

CSL traded down $1.61 during trading on Monday, hitting $341.00. The stock had a trading volume of 535,082 shares, compared to its average volume of 369,741. The stock has a 50 day simple moving average of $354.24 and a two-hundred day simple moving average of $401.09. The company has a market capitalization of $15.05 billion, a PE ratio of 12.34, a PEG ratio of 1.03 and a beta of 0.99. 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 Incorporated has a twelve month low of $321.93 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted 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 period in the previous year, the business posted $4.17 earnings per share. On average, research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share 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 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 dividend yield of 1.17%. Carlisle Companies's payout ratio is 14.48%.

Wall Street Analyst Weigh In

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