State of Alaska Department of Revenue Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)

State of Alaska Department of Revenue lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,154 shares of the conglomerate's stock after selling 1,425 shares during the quarter. State of Alaska Department of Revenue's holdings in Carlisle Companies were worth $1,901,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Carlisle Companies during the 3rd quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in Carlisle Companies during the 3rd quarter valued at approximately $32,000. True Wealth Design LLC increased its stake in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. increased its stake in Carlisle Companies by 317.2% during the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock worth $60,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Mehul Patel sold 150 shares of the firm's stock in a transaction dated Saturday, February 8th. The stock was 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 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. Over the last three months, insiders have sold 1,475 shares of company stock valued at $541,219. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CSL shares. Oppenheimer reiterated an "outperform" rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group lowered their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Loop Capital lowered their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a "hold" rating and a $460.00 price target on the stock. Finally, Robert W. Baird lowered their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $476.00.

Carlisle Companies Price Performance

CSL traded down $2.78 during midday trading on Friday, hitting $357.83. 582,191 shares of the company traded hands, compared to its average volume of 389,157. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.04 and a beta of 0.96. Carlisle Companies Incorporated has a 52-week low of $339.10 and a 52-week high of $481.26. The business has a 50 day simple moving average of $383.46 and a two-hundred day simple moving average of $414.74.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted 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 33.14%. During the same quarter in the prior year, the business earned $4.17 EPS. On average, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies's payout ratio is 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.