Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 27.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,318 shares of the conglomerate’s stock after selling 4,760 shares during the quarter. Royce & Associates LP’s holdings in Carlisle Companies were worth $4,543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in Carlisle Companies by 1.4% during the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after acquiring an additional 16,303 shares during the last quarter. FMR LLC raised its position in Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares during the last quarter. Geode Capital Management LLC raised its position in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after acquiring an additional 102,436 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in Carlisle Companies during the fourth quarter worth about $148,208,000. Finally, Truist Financial Corp raised its position in Carlisle Companies by 3.9% during the fourth quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate’s stock worth $133,776,000 after acquiring an additional 13,505 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of the business’s 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 transaction, the vice president now directly owns 815 shares in the company, valued at approximately $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. 1.50% of the stock is owned by insiders.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $348.22 on Thursday. Carlisle Companies Incorporated has a 1 year low of $321.93 and a 1 year high of $481.26. The firm has a 50 day moving average price of $360.77 and a 200 day moving average price of $404.40. The company has a market cap of $15.52 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last released its 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 business earned $4.17 earnings per share. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued 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 yield of 1.15%. Carlisle Companies’s payout ratio is 14.48%.

Analyst Ratings Changes

CSL has been the subject of a number of recent research reports. Loop Capital lowered their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Oppenheimer reiterated an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $476.00.

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.