Carlisle Companies Incorporated (NYSE:CSL) Position Decreased by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 41.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,870 shares of the conglomerate's stock after selling 62,835 shares during the period. Wellington Management Group LLP owned about 0.19% of Carlisle Companies worth $39,520,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Carlisle Companies in the third quarter valued at $25,000. ORG Wealth Partners LLC acquired a new position in shares of Carlisle Companies during the 3rd quarter valued at about $32,000. True Wealth Design LLC lifted its holdings in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after acquiring an additional 70 shares during the period. ORG Partners LLC acquired a new stake in shares of Carlisle Companies in the second quarter worth approximately $31,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Carlisle Companies in the second quarter valued at approximately $39,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 0.5 %

NYSE CSL traded down $1.99 during trading hours on Thursday, reaching $425.07. 121,685 shares of the company traded hands, compared to its average volume of 323,484. The stock has a market capitalization of $19.27 billion, a PE ratio of 15.10, a PEG ratio of 1.45 and a beta of 0.92. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 12 month low of $291.23 and a 12 month high of $481.26. The company has a 50 day moving average of $448.43 and a two-hundred day moving average of $426.37.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company earned $4.68 EPS. The company's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.