Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by TCW Group Inc.

TCW Group Inc. lessened its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,089 shares of the conglomerate's stock after selling 2,765 shares during the quarter. TCW Group Inc. owned approximately 0.06% of Carlisle Companies worth $12,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Silver Lake Advisory LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at approximately $608,000. Driehaus Capital Management LLC raised its holdings in Carlisle Companies by 44.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate's stock valued at $22,971,000 after buying an additional 17,472 shares during the period. KBC Group NV lifted its position in Carlisle Companies by 34.9% in the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock worth $4,788,000 after buying an additional 2,752 shares during the last quarter. Quest Partners LLC boosted its stake in Carlisle Companies by 624.8% during the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate's stock worth $2,090,000 after buying an additional 4,005 shares during the period. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Carlisle Companies in the third quarter valued at $631,000. Institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Oppenheimer raised their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective on the stock. Finally, StockNews.com lowered Carlisle Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Carlisle Companies has a consensus rating of "Moderate Buy" and an average target price of $472.00.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares of the company's stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Down 0.8 %

Shares of CSL stock traded down $3.46 during mid-day trading on Thursday, hitting $423.60. 186,990 shares of the stock traded hands, compared to its average volume of 323,790. Carlisle Companies Incorporated has a 52-week low of $291.23 and a 52-week high of $481.26. The stock has a market cap of $19.20 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock's fifty day moving average is $447.95 and its two-hundred day moving average is $426.35.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the company posted $4.68 EPS. The business's revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, November 15th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.15%.

About Carlisle Companies

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.