Carlisle Companies Incorporated (NYSE:CSL) Stock Position Trimmed by Fmr LLC

FMR LLC reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 789,622 shares of the conglomerate's stock after selling 165,667 shares during the quarter. FMR LLC owned 1.74% of Carlisle Companies worth $291,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CSL. Norges Bank acquired a new position in Carlisle Companies during the fourth quarter worth $208,095,000. Wells Fargo & Company MN boosted 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 buying an additional 538,990 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in Carlisle Companies during the 4th quarter valued at about $148,208,000. AustralianSuper Pty Ltd raised its position in Carlisle Companies by 732.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock worth $52,691,000 after acquiring an additional 125,687 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 102,436 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.2 %

Shares of NYSE CSL traded down $0.85 during midday trading on Wednesday, hitting $351.28. The stock had a trading volume of 68,718 shares, compared to its average volume of 477,738. The company has a fifty day moving average price of $341.23 and a 200 day moving average price of $392.92. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share 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 last year, the business posted $4.17 EPS. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current 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 $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.14%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is 14.48%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSL. Oppenheimer reissued an "outperform" rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Loop Capital cut their price objective 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. Finally, Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $476.00.

Insider Activity

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the stock in a transaction that occurred 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the business'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 sale, the director now owns 2,665 shares of the company's stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

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.