Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 156,444 shares of the conglomerate's stock after selling 74,489 shares during the period. Legal & General Group Plc owned 0.35% of Carlisle Companies worth $57,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CSL. Diversify Advisory Services LLC lifted its stake in Carlisle Companies by 1.7% in the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate's stock valued at $586,000 after purchasing an additional 26 shares during the last quarter. GAMMA Investing LLC grew its stake in Carlisle Companies by 3.0% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate's stock worth $489,000 after purchasing an additional 38 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after acquiring an additional 38 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Carlisle Companies by 6.4% in the 4th quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate's stock valued at $238,000 after buying an additional 39 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Carlisle Companies by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate's stock worth $1,527,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

NYSE:CSL traded up $4.72 during trading hours on Thursday, hitting $352.95. 66,423 shares of the stock traded hands, compared to its average volume of 386,654. The stock has a 50 day moving average price of $341.19 and a 200 day moving average price of $392.61. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a market cap of $15.58 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. 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 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 last year, the firm earned $4.17 earnings per share. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $1.00 dividend. 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 is 14.48%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CSL. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday. Oppenheimer reissued an "outperform" rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Loop Capital lowered their price target on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Finally, The Goldman Sachs Group decreased their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $476.00.

Insider Buying and Selling at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Carlisle Companies Company 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.