Carlisle Companies Incorporated (NYSE:CSL) Position Lowered by Riverwater Partners LLC

Riverwater Partners LLC trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 47.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,283 shares of the conglomerate's stock after selling 1,179 shares during the quarter. Riverwater Partners LLC's holdings in Carlisle Companies were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Carlisle Companies during the 4th quarter valued at about $208,095,000. Wells Fargo & Company MN raised its stake in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after buying an additional 538,990 shares during the period. Madison Investment Advisors LLC acquired a new position in shares of Carlisle Companies during the 4th quarter worth about $148,208,000. AustralianSuper Pty Ltd grew its holdings in shares of Carlisle Companies by 732.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock worth $52,691,000 after buying an additional 125,687 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake 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 acquiring an additional 102,436 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded down $12.27 during trading on Thursday, hitting $330.27. 143,634 shares of the company were exchanged, compared to its average volume of 381,761. The firm has a 50 day moving average price of $342.35 and a 200 day moving average price of $395.50. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 11.93, a P/E/G 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 Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced 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 net margin of 26.22% and a return on equity of 34.37%. During the same quarter in the prior year, the business earned $4.17 EPS. On average, equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.21%. Carlisle Companies's dividend payout ratio is presently 14.48%.

Insider Activity at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares of the company's stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CSL has been the subject of several recent analyst reports. Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group decreased their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Oppenheimer reiterated an "outperform" rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of "Moderate Buy" and an average target price of $476.00.

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.