Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 74.1% during the fourth quarter, Holdings Channel reports. The fund owned 10,225 shares of the conglomerate’s stock after selling 29,284 shares during the quarter. Prudential Financial Inc.’s holdings in Carlisle Companies were worth $3,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CSL. Pensionfund Sabic acquired a new stake in Carlisle Companies during the 4th quarter worth about $1,291,000. Geode Capital Management LLC grew its holdings 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 period. Nordea Investment Management AB raised its position in Carlisle Companies by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock valued at $1,440,000 after acquiring an additional 145 shares in the last quarter. Moody National Bank Trust Division purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $872,000. Finally, Asset Management One Co. Ltd. lifted its holdings in Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock valued at $7,695,000 after acquiring an additional 1,102 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction dated 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 sale, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction dated Saturday, February 8th. The shares were 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 owns 815 shares in the company, 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. 1.50% of the stock is owned by company insiders.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $343.38 on Wednesday. Carlisle Companies Incorporated has a 52-week low of $321.93 and a 52-week high of $481.26. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.03 and a beta of 0.99. The company has a fifty day simple moving average of $352.94 and a 200-day simple moving average of $400.61. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $4.17 earnings per share. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.16%. Carlisle Companies’s payout ratio is 14.48%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CSL shares. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group cut their price objective 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. Finally, Loop Capital lowered 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.