Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 19.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 144,344 shares of the conglomerate's stock after selling 35,215 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.32% of Carlisle Companies worth $53,240,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Freestone Grove Partners LP acquired a new position in Carlisle Companies during the fourth quarter valued at approximately $535,000. Gallo Partners LP bought a new stake in Carlisle Companies in the 4th quarter valued at about $911,000. TOMS Capital Investment Management LP bought a new position in shares of Carlisle Companies in the fourth quarter worth $54,219,000. Lido Advisors LLC bought a new position in Carlisle Companies during the 4th quarter valued at $237,000. Finally, Northern Trust Corp lifted its stake in Carlisle Companies by 20.7% during the fourth quarter. Northern Trust Corp now owns 488,608 shares of the conglomerate's stock valued at $180,218,000 after purchasing an additional 83,652 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Truist Financial dropped their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird increased their price target on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Loop Capital dropped their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group decreased their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies has an average rating of "Hold" and a consensus price target of $454.00.

Insider Activity at Carlisle Companies

In other 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 transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now directly owns 815 shares of the company's stock, valued at $285,681.95. This represents 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 Stock Performance

Shares of CSL traded down $0.76 on Monday, reaching $385.48. 341,934 shares of the company's stock traded hands, compared to its average volume of 391,474. The stock's 50 day simple moving average is $345.80 and its two-hundred day simple moving average is $383.93. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The stock has a market cap of $16.67 billion, a PE ratio of 13.95, a PEG ratio of 1.03 and a beta of 1.07. 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 - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping the consensus estimate of $3.53 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $3.72 earnings per share. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.04%. Carlisle Companies's payout ratio is currently 14.89%.

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.