Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,534,835 shares of the conglomerate's stock after selling 106,067 shares during the period. Vanguard Group Inc. owned 10.48% of Carlisle Companies worth $1,544,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at about $29,839,000. Capital Fund Management S.A. purchased a new position in Carlisle Companies in the fourth quarter worth approximately $3,841,000. Treasurer of the State of North Carolina lifted its position in shares of Carlisle Companies by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 35,927 shares of the conglomerate's stock worth $13,251,000 after buying an additional 346 shares during the last quarter. Seeds Investor LLC lifted its position in shares of Carlisle Companies by 4.4% during the 4th quarter. Seeds Investor LLC now owns 1,696 shares of the conglomerate's stock worth $626,000 after buying an additional 72 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Carlisle Companies by 19.6% during the 4th quarter. Barclays PLC now owns 72,875 shares of the conglomerate's stock worth $26,879,000 after buying an additional 11,955 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 1.8%

NYSE:CSL traded down $7.17 on Thursday, reaching $391.81. The stock had a trading volume of 367,911 shares, compared to its average volume of 464,588. The company has a market cap of $16.75 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm's fifty day moving average is $385.93 and its two-hundred day moving average is $369.32. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. The company's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.24 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.1%. Carlisle Companies's payout ratio is 22.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSL. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. started coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $450.83.

Carlisle Companies Company 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.