FIL Ltd Sells 3,990 Shares of Carlisle Companies Incorporated (NYSE:CSL)

FIL Ltd decreased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,591 shares of the conglomerate's stock after selling 3,990 shares during the period. FIL Ltd owned approximately 0.32% of Carlisle Companies worth $54,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CSL. Invesco Ltd. grew its position in Carlisle Companies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock worth $502,239,000 after purchasing an additional 29,799 shares during the last quarter. Franklin Resources Inc. grew its position in Carlisle Companies by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after buying an additional 17,206 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Carlisle Companies by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock valued at $418,617,000 after acquiring an additional 34,021 shares during the period. Geode Capital Management LLC raised its holdings in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock valued at $391,827,000 after acquiring an additional 102,436 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Carlisle Companies by 692.1% in the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after acquiring an additional 538,990 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday. Loop Capital lowered their target price 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. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $476.00.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded down $1.69 during trading on Tuesday, reaching $352.98. The company's stock had a trading volume of 89,232 shares, compared to its average volume of 479,942. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The stock has a 50-day moving average price of $341.18 and a two-hundred day moving average price of $393.21. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $15.58 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results 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 34.37%. During the same quarter last year, the business earned $4.17 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.48%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares of the company's stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on 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 transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Carlisle Companies 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.