Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 95.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400 shares of the conglomerate's stock after selling 8,500 shares during the quarter. Canada Pension Plan Investment Board's holdings in Carlisle Companies were worth $148,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pensionfund Sabic purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $1,291,000. Nordea Investment Management AB boosted its holdings in Carlisle Companies by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock worth $1,440,000 after buying an additional 145 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in Carlisle Companies during the fourth quarter valued at $872,000. Asset Management One Co. Ltd. grew its position in Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock valued at $7,695,000 after buying an additional 1,102 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of Carlisle Companies by 2.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after acquiring an additional 38 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares of the company's stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Mehul Patel sold 150 shares of the business's stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares of the company's stock, valued at approximately $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Carlisle Companies Trading Up 0.1 %

Carlisle Companies stock traded up $0.36 during trading on Wednesday, reaching $379.56. 398,894 shares of the company were exchanged, compared to its average volume of 392,727. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a market capitalization of $16.42 billion, a P/E ratio of 13.74, a PEG ratio of 1.03 and a beta of 0.94. The stock's 50 day simple moving average is $342.99 and its two-hundred day simple moving average is $386.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the business earned $3.72 earnings per share. Carlisle Companies's revenue was down .1% compared to the same quarter last year. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 1.05%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Analyst Ratings Changes

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

About Carlisle Companies

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.