Carlisle Companies Incorporated (NYSE:CSL) Position Trimmed by Next Level Private LLC

Next Level Private LLC lowered its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,019 shares of the conglomerate's stock after selling 5,118 shares during the period. Carlisle Companies accounts for approximately 2.7% of Next Level Private LLC's holdings, making the stock its 10th biggest holding. Next Level Private LLC's holdings in Carlisle Companies were worth $6,646,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Carlisle Companies by 29.6% during the third 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Carlisle Companies by 6,405.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock valued at $80,757,000 after buying an additional 176,799 shares during the period. Holocene Advisors LP boosted its holdings in shares of Carlisle Companies by 151.3% during the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock valued at $79,594,000 after buying an additional 106,539 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $391,827,000 after buying an additional 102,436 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Carlisle Companies by 846.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate's stock worth $28,154,000 after acquiring an additional 55,988 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the firm's stock in a transaction on 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 directly owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Stock Down 0.5 %

CSL stock traded down $2.05 during midday trading on Tuesday, hitting $395.43. The company's stock had a trading volume of 267,860 shares, compared to its average volume of 315,433. The firm's 50-day moving average is $405.87 and its 200-day moving average is $420.20. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 12 month low of $308.44 and a 12 month high of $481.26. The company has a market cap of $17.92 billion, a PE ratio of 13.99, a P/E/G ratio of 1.19 and a beta of 0.96.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.01%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.15%.

Analyst Upgrades and Downgrades

CSL has been the topic of several research reports. Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Oppenheimer reissued an "outperform" rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Robert W. Baird reduced their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price on the stock. Finally, 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 report on Tuesday, January 14th. Two 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.