Verition Fund Management LLC Decreases Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Verition Fund Management LLC trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 32.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,484 shares of the conglomerate's stock after selling 13,339 shares during the quarter. Verition Fund Management LLC owned 0.06% of Carlisle Companies worth $12,361,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Captrust Financial Advisors increased its holdings in Carlisle Companies by 4.5% during the third quarter. Captrust Financial Advisors now owns 6,111 shares of the conglomerate's stock worth $2,749,000 after buying an additional 264 shares during the last quarter. Centric Wealth Management purchased a new stake in shares of Carlisle Companies during the 3rd quarter worth approximately $2,708,000. Vinva Investment Management Ltd raised its holdings in shares of Carlisle Companies by 64.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 26,599 shares of the conglomerate's stock worth $11,826,000 after purchasing an additional 10,472 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Carlisle Companies by 14.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate's stock valued at $152,170,000 after purchasing an additional 41,766 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Carlisle Companies by 118.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,714 shares of the conglomerate's stock valued at $18,761,000 after purchasing an additional 22,586 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carlisle Companies

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CSL shares. Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price on the stock. StockNews.com downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Oppenheimer increased their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. 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 research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Carlisle Companies has a consensus rating of "Moderate Buy" and an average price target of $472.00.

Carlisle Companies Price Performance

Shares of NYSE:CSL traded down $0.89 on Friday, hitting $456.70. The company's stock had a trading volume of 166,658 shares, compared to its average volume of 309,106. The company has a market capitalization of $20.70 billion, a PE ratio of 16.16, a PEG ratio of 1.50 and a beta of 0.91. 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 company has a 50-day simple moving average of $449.55 and a 200 day simple moving average of $425.54. Carlisle Companies Incorporated has a 1 year low of $272.20 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.68 earnings per share. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.88%. Carlisle Companies's dividend payout ratio is presently 14.15%.

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.