Charles Schwab Investment Management Inc. Sells 1,445 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Charles Schwab Investment Management Inc. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 323,555 shares of the conglomerate's stock after selling 1,445 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.71% of Carlisle Companies worth $119,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in Carlisle Companies in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC increased its stake in shares of Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after acquiring an additional 70 shares during the last quarter. Quarry LP raised its holdings in shares of Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock worth $60,000 after acquiring an additional 57 shares in the last quarter. UMB Bank n.a. grew its stake in Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 67 shares in the last quarter. Finally, Covestor Ltd increased its position in Carlisle Companies by 19.3% in the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock worth $89,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

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Carlisle Companies Stock Performance

CSL traded down $0.96 during trading on Wednesday, hitting $329.70. The stock had a trading volume of 261,964 shares, compared to its average volume of 424,430. The firm has a market cap of $14.69 billion, a PE ratio of 11.94, a P/E/G ratio of 1.03 and a beta of 0.99. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 12 month low of $321.93 and a 12 month high of $481.26. The company has a 50 day simple moving average of $364.58 and a 200-day simple moving average of $407.71.

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 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 previous year, the firm posted $4.17 earnings per share. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 1.21%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's dividend payout ratio is currently 14.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CSL shares. Oppenheimer reiterated an "outperform" rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Loop Capital dropped their price target 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 reduced their price objective 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 started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 target price on the stock. 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 presently has an average rating of "Moderate Buy" and a consensus price target of $476.00.

Insider Activity

In other Carlisle Companies news, 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 completion of the transaction, the director now owns 2,665 shares of the company's stock, valued at $930,724.60. This represents a 28.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following 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 disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

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.