Silvercrest Asset Management Group LLC Sells 6,686 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Silvercrest Asset Management Group LLC lowered its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 287,783 shares of the conglomerate's stock after selling 6,686 shares during the quarter. Carlisle Companies comprises approximately 0.7% of Silvercrest Asset Management Group LLC's portfolio, making the stock its 28th largest holding. Silvercrest Asset Management Group LLC owned approximately 0.63% of Carlisle Companies worth $106,146,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Carlisle Companies during the fourth quarter worth approximately $208,095,000. Wells Fargo & Company MN raised its position in Carlisle Companies by 692.1% during the 4th 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 bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $148,208,000. Inlight Wealth Management LLC purchased a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $118,038,000. Finally, Point72 Asset Management L.P. purchased a new stake in Carlisle Companies in the fourth quarter worth $55,104,000. Institutional investors own 89.52% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CSL shares. Truist Financial cut 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. StockNews.com raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Robert W. Baird boosted 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, Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $454.00.

Carlisle Companies Stock Down 3.0%

Shares of CSL traded down $12.25 during trading hours on Wednesday, hitting $391.09. The company had a trading volume of 123,856 shares, compared to its average volume of 392,733. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 1.03 and a beta of 1.07. The firm has a fifty day moving average price of $360.87 and a 200-day moving average price of $380.68. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the company earned $3.72 earnings per share. The business's revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's payout ratio is 14.89%.

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.