Pacer Advisors Inc. Reduces Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Pacer Advisors Inc. lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,560 shares of the conglomerate’s stock after selling 793 shares during the quarter. Pacer Advisors Inc.’s holdings in Carlisle Companies were worth $4,633,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after purchasing an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Carlisle Companies by 6,405.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after buying an additional 176,799 shares during the period. Holocene Advisors LP lifted its holdings in Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after buying an additional 106,539 shares in the last quarter. Geode Capital Management LLC boosted its position in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after buying an additional 102,436 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Carlisle Companies by 846.9% during the third quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate’s stock valued at $28,154,000 after acquiring an additional 55,988 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $394.62 on Friday. The company has a market cap of $17.89 billion, a PE ratio of 13.96, a P/E/G ratio of 1.19 and a beta of 0.96. Carlisle Companies Incorporated has a 12 month low of $313.14 and a 12 month high of $481.26. The company has a fifty day moving average price of $403.30 and a two-hundred day moving average price of $419.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.01%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Analysts Set New Price Targets

Several research analysts recently commented on CSL shares. Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group cut their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Truist Financial began coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Loop Capital decreased their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $476.00.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.