Wellington Management Group LLP Trims Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Wellington Management Group LLP trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 21.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,362 shares of the conglomerate's stock after selling 18,508 shares during the period. Wellington Management Group LLP owned 0.15% of Carlisle Companies worth $25,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. O Shaughnessy Asset Management LLC increased its holdings in Carlisle Companies by 110.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 62,236 shares of the conglomerate's stock valued at $22,955,000 after purchasing an additional 32,611 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Carlisle Companies by 8.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 55,159 shares of the conglomerate's stock worth $20,345,000 after purchasing an additional 4,481 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Carlisle Companies by 2.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after purchasing an additional 38 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in Carlisle Companies by 14.2% during the fourth quarter. Mawer Investment Management Ltd. now owns 40,337 shares of the conglomerate's stock worth $14,878,000 after purchasing an additional 5,029 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Carlisle Companies by 18.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 147,621 shares of the conglomerate's stock worth $54,449,000 after buying an additional 23,403 shares during 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 Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction 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 firm'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 sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CSL shares. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Oppenheimer reiterated an "outperform" rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Loop Capital reduced their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $476.00.

Carlisle Companies Stock Performance

CSL traded up $12.19 during trading on Friday, reaching $348.68. The company's stock had a trading volume of 684,923 shares, compared to its average volume of 385,425. The company's fifty day moving average price is $340.91 and its 200-day moving average price is $394.18. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the prior year, the company posted $4.17 earnings per share. On average, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is presently 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.