Vestcor Inc Lowers Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Vestcor Inc lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 54.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,533 shares of the conglomerate's stock after selling 1,853 shares during the quarter. Vestcor Inc's holdings in Carlisle Companies were worth $565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC increased its position in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after buying an additional 70 shares during the period. Farther Finance Advisors LLC boosted its stake in Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after acquiring an additional 78 shares in the last quarter. Quarry LP boosted its stake in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock worth $60,000 after acquiring an additional 57 shares in the last quarter. UMB Bank n.a. boosted its stake in Carlisle Companies by 55.4% during the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock worth $69,000 after acquiring an additional 67 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Carlisle Companies by 57.0% during the third quarter. Huntington National Bank now owns 212 shares of the conglomerate's stock worth $95,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

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Insiders Place Their Bets

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction on 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 of the company's stock, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded down $8.29 on Thursday, hitting $339.81. 575,634 shares of the company's stock were exchanged, compared to its average volume of 348,613. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock has a market capitalization of $15.14 billion, a PE ratio of 12.30, a PEG ratio of 1.03 and a beta of 0.99. The company has a 50-day simple moving average of $360.77 and a 200-day simple moving average of $404.40. Carlisle Companies Incorporated has a 1 year low of $321.93 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company posted $4.17 EPS. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.18%. Carlisle Companies's payout ratio is currently 14.48%.

Analysts Set New Price Targets

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

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.