Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by River Global Investors LLP

River Global Investors LLP reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 23.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,783 shares of the conglomerate's stock after selling 4,496 shares during the period. Carlisle Companies comprises 0.9% of River Global Investors LLP's investment portfolio, making the stock its 27th largest position. River Global Investors LLP's holdings in Carlisle Companies were worth $4,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Morgan Stanley increased its stake in shares of Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate's stock valued at $668,430,000 after buying an additional 90,597 shares during the period. FMR LLC increased its stake in shares of Carlisle Companies by 1.5% during the third quarter. FMR LLC now owns 829,655 shares of the conglomerate's stock valued at $215,096,000 after buying an additional 12,552 shares during the period. Pacer Advisors Inc. grew its stake in Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate's stock worth $131,665,000 after purchasing an additional 413,691 shares during the period. Platinum Investment Management Ltd. grew its stake in Carlisle Companies by 13.8% in the third quarter. Platinum Investment Management Ltd. now owns 323,490 shares of the conglomerate's stock worth $83,868,000 after purchasing an additional 39,227 shares during the period. Finally, Truist Financial Corp grew its stake in Carlisle Companies by 2.6% in the fourth quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate's stock worth $100,359,000 after purchasing an additional 8,195 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded up $3.40 during midday trading on Friday, reaching $398.47. 202,235 shares of the company's stock traded hands, compared to its average volume of 318,141. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.95. Carlisle Companies Incorporated has a one year low of $205.10 and a one year high of $415.00. The stock has a 50 day moving average of $376.23 and a 200 day moving average of $324.67.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $0.98. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, May 17th. Carlisle Companies's dividend payout ratio (DPR) is presently 19.71%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CSL. Oppenheimer upped their price target on Carlisle Companies from $412.00 to $430.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. StockNews.com raised Carlisle Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, February 7th. Loop Capital upped their price target on Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Robert W. Baird upped their price target on Carlisle Companies from $435.00 to $465.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group began coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a "buy" rating and a $455.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of "Moderate Buy" and an average price target of $416.00.

Insider Activity at Carlisle Companies

In related news, insider Lori A. Snyder sold 8,101 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Lori A. Snyder sold 8,101 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company's stock, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is owned by insiders.

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.