Royce & Associates LP Sells 4,760 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Royce & Associates LP lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 27.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,318 shares of the conglomerate's stock after selling 4,760 shares during the period. Royce & Associates LP's holdings in Carlisle Companies were worth $4,543,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of Carlisle Companies by 1.4% during the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate's stock worth $566,061,000 after acquiring an additional 16,303 shares during the period. FMR LLC boosted its holdings in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after acquiring an additional 218,002 shares during the period. Geode Capital Management LLC boosted its holdings 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 worth $391,827,000 after acquiring an additional 102,436 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of Carlisle Companies during the fourth quarter worth approximately $148,208,000. Finally, Truist Financial Corp boosted its holdings 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 worth $133,776,000 after acquiring an additional 13,505 shares during the period. Institutional investors own 89.52% of the company's stock.

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Analyst Upgrades and Downgrades

CSL has been the subject of a number of analyst reports. The Goldman Sachs Group dropped 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 report on Tuesday, January 14th. Oppenheimer reiterated 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. Finally, Loop Capital dropped 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 report on Friday, January 10th. Two 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, the company has an average rating of "Moderate Buy" and a consensus price target of $476.00.

Carlisle Companies Price Performance

CSL traded down $2.41 during trading on Friday, hitting $336.89. 1,513,377 shares of the stock traded hands, compared to its average volume of 353,836. Carlisle Companies Incorporated has a twelve month low of $321.93 and a twelve month high of $481.26. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The business has a 50 day moving average price of $359.46 and a 200 day moving average price of $403.35.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter in the prior year, the company earned $4.17 earnings per share. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.19%. Carlisle Companies's dividend payout ratio is currently 14.48%.

Insider Buying and Selling at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the company's 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 completion of the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of the company's stock in a transaction on 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 $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

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.