Empowered Funds LLC Sells 10,856 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Empowered Funds LLC decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 60.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,012 shares of the conglomerate's stock after selling 10,856 shares during the quarter. Empowered Funds LLC's holdings in Carlisle Companies were worth $2,586,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC increased its stake in shares of Carlisle Companies by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate's stock valued at $332,000 after acquiring an additional 24 shares in the last quarter. Tributary Capital Management LLC increased its stake in shares of Carlisle Companies by 1.1% in the 3rd quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate's stock valued at $1,023,000 after acquiring an additional 24 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of Carlisle Companies by 1.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate's stock valued at $719,000 after acquiring an additional 25 shares in the last quarter. Equitable Trust Co. increased its stake in Carlisle Companies by 0.3% during the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate's stock valued at $3,874,000 after purchasing an additional 25 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in Carlisle Companies by 5.2% during the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock valued at $273,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Insider Buying and Selling

In related news, VP David W. Smith sold 275 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,475 shares of company stock valued at $541,219. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of recent research reports. Robert W. Baird decreased their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Loop Capital decreased their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Oppenheimer restated an "outperform" rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a "hold" rating and a $460.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $476.00.

Carlisle Companies Stock Down 0.8 %

CSL traded down $2.78 during mid-day trading on Monday, reaching $357.83. 582,191 shares of the stock were exchanged, compared to its average volume of 389,157. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock has a market capitalization of $16.22 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a 50 day moving average price of $382.00 and a two-hundred day moving average price of $414.39. Carlisle Companies Incorporated has a 1 year low of $339.10 and a 1 year 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 (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 33.14%. During the same quarter in the prior year, the business posted $4.17 EPS. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is currently 14.48%.

About Carlisle Companies

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.