Skandinaviska Enskilda Banken AB publ Trims Stake in Carlisle Companies Incorporated (NYSE:CSL)

Skandinaviska Enskilda Banken AB publ trimmed its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,017 shares of the conglomerate's stock after selling 55,761 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.16% of Carlisle Companies worth $26,919,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. KBC Group NV boosted its holdings in Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock valued at $4,788,000 after purchasing an additional 2,752 shares during the period. Pensionfund Sabic bought a new position in Carlisle Companies in the 4th quarter valued at $1,291,000. Geode Capital Management LLC boosted its holdings in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock valued at $391,827,000 after purchasing an additional 102,436 shares during the period. Quest Partners LLC boosted its holdings in Carlisle Companies by 624.8% in the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate's stock valued at $2,090,000 after purchasing an additional 4,005 shares during the period. Finally, Meridian Wealth Management LLC bought a new position in Carlisle Companies in the 3rd quarter valued at $631,000. 89.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction dated Friday, February 7th. The shares were 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. The trade was a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the business'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 $285,681.95. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CSL. Oppenheimer reaffirmed an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $476.00.

Carlisle Companies Trading Down 0.8 %

Carlisle Companies stock traded down $2.63 during mid-day trading on Tuesday, hitting $340.15. The company's stock had a trading volume of 336,533 shares, compared to its average volume of 347,146. 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 stock has a market cap of $15.16 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The business has a 50 day moving average price of $361.76 and a 200-day moving average price of $405.39. Carlisle Companies Incorporated has a 12 month low of $321.93 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted 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 net margin of 26.22% and a return on equity of 34.37%. During the same period in the prior year, the firm earned $4.17 earnings per share. As a group, 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. Shareholders of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies's dividend payout ratio is presently 14.48%.

Carlisle Companies 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.