Ninety One UK Ltd Reduces Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Ninety One UK Ltd trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 508,995 shares of the conglomerate's stock after selling 18,766 shares during the quarter. Ninety One UK Ltd owned approximately 1.05% of Carlisle Companies worth $159,025,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock worth $27,000 after buying an additional 40 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Carlisle Companies by 2.1% during the third quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate's stock worth $508,000 after buying an additional 41 shares during the last quarter. Signaturefd LLC boosted its stake in Carlisle Companies by 28.9% during the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate's stock worth $51,000 after buying an additional 44 shares during the last quarter. Benson Investment Management Company Inc. boosted its stake in Carlisle Companies by 0.4% during the fourth quarter. Benson Investment Management Company Inc. now owns 11,011 shares of the conglomerate's stock worth $3,440,000 after buying an additional 47 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Carlisle Companies by 0.7% during the third quarter. Daiwa Securities Group Inc. now owns 7,350 shares of the conglomerate's stock worth $1,906,000 after buying an additional 50 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.4 %

Carlisle Companies stock traded down $1.31 during midday trading on Thursday, reaching $367.53. 264,577 shares of the stock traded hands, compared to its average volume of 274,329. The firm has a market cap of $17.57 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. The company has a 50-day simple moving average of $367.36 and a two-hundred day simple moving average of $314.67. Carlisle Companies Incorporated has a 12-month low of $205.10 and a 12-month high of $403.44.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.70. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.92 earnings per share. Research analysts expect that Carlisle Companies Incorporated will post 18.7 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a yield of 0.93%. Carlisle Companies's dividend payout ratio (DPR) is presently 22.31%.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at $30,114,169.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP David W. Smith sold 700 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO D Christian Koch sold 6,454 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock worth $5,231,360 over the last three months. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CSL shares. Oppenheimer boosted their price objective on Carlisle Companies from $405.00 to $412.00 and gave the stock an "outperform" rating in a research note on Thursday. StockNews.com upgraded Carlisle Companies from a "hold" rating to a "buy" rating in a report on Wednesday, February 7th. Loop Capital boosted their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a report on Monday, April 1st. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They set a "buy" rating and a $455.00 target price for the company. Finally, Robert W. Baird boosted their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $390.33.

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.