Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 75.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 860 shares of the conglomerate's stock after selling 2,679 shares during the period. Guggenheim Capital LLC's holdings in Carlisle Companies were worth $317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Carlisle Companies in the 4th quarter valued at $208,095,000. Wells Fargo & Company MN increased its stake in Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after purchasing an additional 538,990 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in Carlisle Companies during the fourth quarter worth about $148,208,000. Inlight Wealth Management LLC acquired a new stake in Carlisle Companies in the 4th quarter worth about $118,038,000. Finally, AustralianSuper Pty Ltd boosted its stake in Carlisle Companies by 732.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock worth $52,691,000 after buying an additional 125,687 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CSL shares. The Goldman Sachs Group lowered their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. StockNews.com lowered Carlisle Companies from a "hold" rating to a "sell" rating in a research note on Monday. Robert W. Baird lifted their target price 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. Finally, Truist Financial lowered their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $454.00.

Carlisle Companies Stock Up 1.7 %

CSL stock traded up $6.38 during mid-day trading on Friday, hitting $386.17. 46,678 shares of the company were exchanged, compared to its average volume of 389,980. The company has a market capitalization of $16.70 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The firm has a fifty day simple moving average of $344.86 and a 200 day simple moving average of $385.66. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26.

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

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Carlisle Companies 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.