Wellington Management Group LLP Sells 18,508 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Wellington Management Group LLP reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,362 shares of the conglomerate's stock after selling 18,508 shares during the quarter. Wellington Management Group LLP owned 0.16% of Carlisle Companies worth $25,583,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. TD Private Client Wealth LLC boosted its stake 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 acquiring an additional 57 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after purchasing an additional 78 shares in the last quarter. Quarry LP increased its holdings in Carlisle Companies by 39.8% in the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after buying an additional 53 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in Carlisle Companies in the fourth quarter valued at about $93,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Up 0.4%

Shares of NYSE CSL traded up $1.45 during trading hours on Wednesday, hitting $379.78. The stock had a trading volume of 86,809 shares, compared to its average volume of 392,990. The firm's 50-day moving average price is $369.28 and its two-hundred day moving average price is $376.44. 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 $16.43 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $3.72 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is currently 14.89%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CSL shares. Robert W. Baird lifted their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Truist Financial lowered their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.