Russell Investments Group Ltd. Reduces Stake in Carlisle Companies Incorporated (NYSE:CSL)

Russell Investments Group Ltd. cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 42.8% during the fourth quarter, HoldingsChannel reports. The firm owned 23,512 shares of the conglomerate’s stock after selling 17,590 shares during the quarter. Russell Investments Group Ltd.’s holdings in Carlisle Companies were worth $8,672,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CSL. TD Private Client Wealth LLC raised its holdings in Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after buying an additional 57 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 78 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Carlisle Companies by 55.4% during the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after purchasing an additional 67 shares during the period. Generali Asset Management SPA SGR bought a new position in Carlisle Companies during the 4th quarter valued at about $93,000. Finally, MV Capital Management Inc. raised its position in Carlisle Companies by 253.5% in the 4th quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate’s stock worth $93,000 after purchasing an additional 180 shares during the period. 89.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mehul Patel sold 150 shares of the stock in a transaction that occurred on 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 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. 1.40% of the stock is owned by insiders.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $348.68 on Friday. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The stock’s fifty day moving average price is $340.91 and its 200-day moving average price is $394.18. The firm has a market cap of $15.39 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

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

Carlisle Companies Dividend Announcement

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. This represents a $4.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

Analysts Set New Price Targets

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