Marshall Wace LLP Decreases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Marshall Wace LLP lowered its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 94.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 600 shares of the conglomerate's stock after selling 10,742 shares during the period. Marshall Wace LLP's holdings in Carlisle Companies were worth $221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in Carlisle Companies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock worth $502,239,000 after acquiring an additional 29,799 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after purchasing an additional 17,206 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after purchasing an additional 34,021 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after purchasing an additional 538,990 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Carlisle Companies in the fourth quarter worth approximately $208,095,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of CSL traded down $0.67 on Friday, reaching $390.52. 298,388 shares of the company's stock traded hands, compared to its average volume of 393,793. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market cap of $16.89 billion, a PE ratio of 14.13, a PEG ratio of 1.03 and a beta of 1.07. The stock's 50 day simple moving average is $351.12 and its two-hundred day simple moving average is $381.27. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 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 the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. Carlisle Companies's revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $3.72 earnings per share. On average, 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 announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSL shares. Robert W. Baird increased their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. StockNews.com raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group lowered their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial lowered their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.