Corient Private Wealth LLC Has $161.67 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Corient Private Wealth LLC trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 438,310 shares of the conglomerate's stock after selling 3,104 shares during the quarter. Corient Private Wealth LLC owned approximately 0.97% of Carlisle Companies worth $161,666,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its stake in 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 buying an additional 16,303 shares during the last quarter. FMR LLC raised its stake 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. Geode Capital Management LLC raised its stake in shares of Carlisle Companies by 13.3% during the third 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 bought a new stake in shares of Carlisle Companies during the fourth quarter valued at about $148,208,000. Finally, Truist Financial Corp raised 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 institutional investors.

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Insider Buying and Selling

In other news, VP Mehul Patel sold 150 shares of Carlisle Companies 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 completion of the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Trading Down 2.4 %

CSL traded down $8.29 during trading on Thursday, reaching $339.81. The company had a trading volume of 575,715 shares, compared to its average volume of 348,613. The firm's 50-day simple moving average is $360.77 and its 200 day simple moving average is $404.40. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26. 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 issued its quarterly earnings results 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 company posted $4.17 EPS. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.18%. Carlisle Companies's dividend payout ratio is currently 14.48%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Loop Capital cut 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. The Goldman Sachs Group cut 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 note on Tuesday, January 14th. Finally, Oppenheimer restated an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.