Geode Capital Management LLC Cuts Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Geode Capital Management LLC trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 863,192 shares of the conglomerate's stock after selling 9,871 shares during the quarter. Geode Capital Management LLC owned about 1.90% of Carlisle Companies worth $317,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CSL. TD Private Client Wealth LLC grew its stake in shares of Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after buying an additional 57 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after purchasing an additional 78 shares in the last quarter. Quarry LP raised its holdings in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock worth $60,000 after buying an additional 57 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock worth $69,000 after buying an additional 67 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $93,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the company's stock in a transaction 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 transaction, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. This represents a 15.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction 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 sale, the director now owns 2,665 shares of the company's stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CSL shares. The Goldman Sachs Group dropped their price target 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. Oppenheimer restated an "outperform" rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Loop Capital decreased 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 report on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $476.00.

Carlisle Companies Price Performance

Shares of CSL stock traded down $14.60 during trading hours on Thursday, hitting $327.93. The stock had a trading volume of 96,684 shares, compared to its average volume of 381,574. The stock's 50-day moving average price is $342.35 and its two-hundred day moving average price is $395.50. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

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, 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 period in the prior year, the firm posted $4.17 EPS. Equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's payout ratio is 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.