Tidal Investments LLC Sells 4,853 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Tidal Investments LLC lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 68.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,284 shares of the conglomerate's stock after selling 4,853 shares during the period. Tidal Investments LLC's holdings in Carlisle Companies were worth $842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its stake in shares of Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock worth $7,695,000 after acquiring an additional 1,102 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake 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 last quarter. Mediolanum International Funds Ltd grew its stake in shares of Carlisle Companies by 4.2% in the fourth quarter. Mediolanum International Funds Ltd now owns 27,825 shares of the conglomerate's stock worth $10,233,000 after acquiring an additional 1,119 shares during the last quarter. OLIO Financial Planning acquired a new stake in shares of Carlisle Companies in the fourth quarter worth $441,000. Finally, Tocqueville Asset Management L.P. grew its stake in shares of Carlisle Companies by 6.0% in the fourth quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate's stock worth $1,614,000 after acquiring an additional 248 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of NYSE CSL traded down $0.68 during midday trading on Thursday, reaching $387.44. 232,760 shares of the company traded hands, compared to its average volume of 393,230. The firm has a market cap of $16.76 billion, a PE ratio of 14.02, a PEG ratio of 1.03 and a beta of 1.07. The stock's 50-day simple moving average is $366.80 and its 200-day simple moving average is $378.95. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. 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 (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The company 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 business's revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $3.72 earnings per share. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.03%. Carlisle Companies's dividend payout ratio is 14.89%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSL. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Robert W. Baird raised 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. Finally, 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 report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Carlisle Companies has an average 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.