TCW Group Inc. Sells 10,252 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• TCW Group Inc. has reduced its stake in Carlisle Companies by 37.3%, selling 10,252 shares to end up with 17,237 shares valued at approximately $5.87 million.
• Other hedge funds have also increased their positions, with institutional investors now owning 89.52% of Carlisle Companies' stock.
• Carlisle Companies announced a quarterly dividend of $1.00 with a dividend yield of 0.92% and a payout ratio of 14.89%.

TCW Group Inc. decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 37.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,237 shares of the conglomerate's stock after selling 10,252 shares during the period. TCW Group Inc.'s holdings in Carlisle Companies were worth $5,869,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CX Institutional bought a new stake in Carlisle Companies during the 1st quarter valued at approximately $49,000. GeoWealth Management LLC lifted its holdings 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 buying an additional 29 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Carlisle Companies in the first quarter valued at approximately $55,000. Allworth Financial LP grew its stake in shares of Carlisle Companies by 32.8% in the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after acquiring an additional 42 shares during the last quarter. Finally, Quarry LP increased its position in Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after acquiring an additional 53 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Performance

NYSE CSL opened at $434.72 on Monday. The stock has a market cap of $18.80 billion, a P/E ratio of 16.18, a PEG ratio of 1.31 and a beta of 1.03. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company's 50-day simple moving average is $388.62 and its 200 day simple moving average is $370.37.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.92%. Carlisle Companies's dividend payout ratio is currently 14.89%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Robert W. Baird increased their price target 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. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Truist Financial lowered their price target 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. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Finally, Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Carlisle Companies has a consensus rating of "Moderate Buy" and an average target price of $461.67.

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.

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