Schonfeld Strategic Advisors LLC Decreases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Schonfeld Strategic Advisors LLC reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 50.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,117 shares of the conglomerate's stock after selling 8,136 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Carlisle Companies were worth $2,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSL. Pensionfund Sabic bought a new position in Carlisle Companies during the fourth quarter valued at $1,291,000. Moody National Bank Trust Division bought a new position in shares of Carlisle Companies in the 4th quarter valued at about $872,000. Nordea Investment Management AB grew its position in Carlisle Companies by 3.9% in the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock worth $1,440,000 after acquiring an additional 145 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock worth $7,695,000 after acquiring an additional 1,102 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after purchasing an additional 38 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent research reports. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Truist Financial reduced their target price 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. Loop Capital cut their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Robert W. Baird increased their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, StockNews.com upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Carlisle Companies presently has an average rating of "Moderate Buy" and an average price target of $454.00.

Carlisle Companies Trading Up 0.4 %

CSL traded up $1.72 on Tuesday, reaching $386.77. 428,356 shares of the company traded hands, compared to its average volume of 391,932. The company has a market cap of $16.73 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The firm has a fifty day simple moving average of $347.78 and a two-hundred day simple moving average of $383.35.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results 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 net margin of 26.22% and a return on equity of 34.37%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $3.72 earnings per share. The company's revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Monday, May 19th. Carlisle Companies's payout ratio is 14.89%.

Insider Activity

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated Friday, February 7th. The stock was 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 in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of the business's stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

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.