AQR Capital Management LLC Trims Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

AQR Capital Management LLC decreased its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,696 shares of the conglomerate's stock after selling 57,672 shares during the period. AQR Capital Management LLC owned 0.13% of Carlisle Companies worth $22,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSL. Norges Bank purchased a new stake in Carlisle Companies during the fourth quarter valued at about $208,095,000. Wells Fargo & Company MN lifted its position in Carlisle Companies by 692.1% in the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after buying an additional 538,990 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in Carlisle Companies in the fourth quarter worth approximately $148,208,000. Inlight Wealth Management LLC bought a new position in Carlisle Companies during the fourth quarter valued at approximately $118,038,000. Finally, AustralianSuper Pty Ltd raised its stake in shares of Carlisle Companies by 732.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock worth $52,691,000 after acquiring an additional 125,687 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value 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 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. Company insiders own 1.50% of the company's stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded up $1.72 during trading on Tuesday, reaching $386.77. 428,356 shares of the stock traded hands, compared to its average volume of 391,932. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The business has a fifty day simple moving average of $347.78 and a two-hundred day simple moving average of $383.35.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $3.72 EPS. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's payout ratio is presently 14.89%.

Analysts Set New Price Targets

Several analysts have weighed in on CSL shares. The Goldman Sachs Group lowered their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Tuesday. Robert W. Baird increased their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Truist Financial reduced their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and four have given 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 $454.00.

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.