Gateway Investment Advisers LLC Sells 774 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Gateway Investment Advisers LLC reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 53.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 679 shares of the conglomerate's stock after selling 774 shares during the period. Gateway Investment Advisers LLC's holdings in Carlisle Companies were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSL. FMR LLC lifted its stake in shares of Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock valued at $429,641,000 after purchasing an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Carlisle Companies by 6,405.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock worth $80,757,000 after acquiring an additional 176,799 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in Carlisle Companies during the 2nd quarter worth about $65,041,000. Holocene Advisors LP raised its stake in shares of Carlisle Companies by 151.3% during the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock worth $79,594,000 after purchasing an additional 106,539 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Carlisle Companies by 13.3% during the third 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 in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 1.3 %

Shares of CSL stock traded up $5.06 on Monday, hitting $400.46. The stock had a trading volume of 363,755 shares, compared to its average volume of 318,465. Carlisle Companies Incorporated has a 12-month low of $302.08 and a 12-month high of $481.26. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.09 and a beta of 0.96. The business has a 50 day moving average of $411.47 and a 200 day moving average of $420.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.68 earnings per share. As a group, analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, November 15th. Carlisle Companies's dividend payout ratio is currently 14.15%.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group decreased 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. Robert W. Baird lowered their target price on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Oppenheimer reiterated an "outperform" rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Loop Capital decreased their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a "hold" rating and a $460.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $476.00.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.