SG Americas Securities LLC Sells 1,098 Shares of Carlisle Companies Incorporated (NYSE:CSL)

SG Americas Securities LLC trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 73.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399 shares of the conglomerate's stock after selling 1,098 shares during the quarter. SG Americas Securities LLC's holdings in Carlisle Companies were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Franklin Resources Inc. grew its holdings in Carlisle Companies by 1.4% during the 3rd 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 last quarter. FMR LLC grew its holdings in Carlisle Companies by 29.6% during the 3rd 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 last quarter. Geode Capital Management LLC grew its holdings in Carlisle Companies by 13.3% during the 3rd 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Carlisle Companies by 14.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate's stock worth $152,170,000 after acquiring an additional 41,766 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI grew its holdings in Carlisle Companies by 5.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 202,761 shares of the conglomerate's stock worth $91,192,000 after acquiring an additional 11,023 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CSL shares. Oppenheimer reissued an "outperform" rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird reduced their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group reduced 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. Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective on the stock. Finally, Loop Capital reduced 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Carlisle Companies has an average rating of "Moderate Buy" and an average price target of $476.00.

Carlisle Companies Stock Down 0.8 %

NYSE CSL traded down $2.78 on Friday, hitting $357.83. 582,191 shares of the company were exchanged, compared to its average volume of 424,980. The company has a market cap of $16.22 billion, a PE ratio of 12.95, a PEG ratio of 1.04 and a beta of 0.96. Carlisle Companies Incorporated has a 12 month low of $339.10 and a 12 month high of $481.26. The stock has a fifty day moving average of $383.46 and a 200-day moving average of $414.76. 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 (NYSE:CSL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the firm earned $4.17 EPS. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.12%. Carlisle Companies's payout ratio is 14.48%.

Insiders Place Their Bets

In other news, Director Jonathan R. Collins sold 1,050 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David W. Smith sold 275 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,475 shares of company stock worth $541,219. Insiders own 1.50% of the company's stock.

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.