Prudential Financial Inc. Decreases Stake in Carlisle Companies Incorporated (NYSE:CSL)

Prudential Financial Inc. cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 74.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,225 shares of the conglomerate's stock after selling 29,284 shares during the quarter. Prudential Financial Inc.'s holdings in Carlisle Companies were worth $3,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CSL. Franklin Resources Inc. boosted its stake in shares of Carlisle Companies by 1.4% during the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate's stock valued at $566,061,000 after purchasing an additional 16,303 shares during the period. Geode Capital Management LLC raised its holdings in Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock valued at $391,827,000 after buying an additional 102,436 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in Carlisle Companies during the 4th quarter valued at $148,208,000. Truist Financial Corp grew its holdings in Carlisle Companies by 3.9% in the 4th quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate's stock worth $133,776,000 after acquiring an additional 13,505 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its position in shares of Carlisle Companies by 5.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 202,761 shares of the conglomerate's stock valued at $91,192,000 after acquiring an additional 11,023 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 0.1 %

Carlisle Companies stock traded down $0.23 during trading hours on Friday, hitting $326.87. 834,299 shares of the stock traded hands, compared to its average volume of 374,942. Carlisle Companies Incorporated has a one year low of $312.60 and a one year high of $481.26. The company has a market cap of $14.43 billion, a PE ratio of 11.83, a PEG ratio of 1.03 and a beta of 0.94. The firm's 50-day moving average price is $348.76 and its two-hundred day moving average price is $398.77. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping 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 previous year, the business earned $4.17 EPS. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.22%. Carlisle Companies's dividend payout ratio (DPR) is currently 14.48%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CSL shares. The Goldman Sachs Group cut their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Loop Capital cut their price objective 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, Oppenheimer restated an "outperform" rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $476.00.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, 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 transaction of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mehul Patel sold 150 shares of the 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 completion of the sale, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

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.