Korea Investment CORP Sells 67,428 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Korea Investment CORP cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 59.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,742 shares of the conglomerate's stock after selling 67,428 shares during the period. Korea Investment CORP owned approximately 0.10% of Carlisle Companies worth $17,240,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CSL. TD Private Client Wealth LLC lifted its stake in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after acquiring an additional 57 shares during the period. True Wealth Design LLC grew its stake in shares of Carlisle Companies by 1,400.0% during 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 increased its stake in Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate's stock valued at $60,000 after purchasing an additional 57 shares in the last quarter. Farther Finance Advisors LLC raised 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 acquiring an additional 78 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock worth $69,000 after buying an additional 67 shares during the period. Institutional investors own 89.52% of the company's stock.

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Analyst Ratings Changes

CSL has been the subject of a number of analyst reports. Loop Capital decreased their price target on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Oppenheimer reissued an "outperform" rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $476.00.

Carlisle Companies Stock Performance

Shares of CSL stock traded down $24.31 during mid-day trading on Thursday, hitting $323.92. The stock had a trading volume of 138,597 shares, compared to its average volume of 447,201. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company's 50-day simple moving average is $351.85 and its 200-day simple moving average is $400.24. The firm has a market cap of $14.30 billion, a PE ratio of 11.72, a PEG ratio of 1.03 and a beta of 0.99.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company earned $4.17 EPS. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared 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. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.23%. Carlisle Companies's payout ratio is 14.48%.

Insider Transactions at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of the firm's stock in a transaction dated 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 transaction, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 owns 2,665 shares of the company's stock, valued at $930,724.60. This trade represents 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.

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.