Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,976 shares of the conglomerate’s stock after selling 45 shares during the period. Gulf International Bank UK Ltd’s holdings in Carlisle Companies were worth $1,466,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in 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 acquiring an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in Carlisle Companies by 6,405.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after acquiring an additional 176,799 shares during the period. AustralianSuper Pty Ltd raised its stake in Carlisle Companies by 732.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate’s stock worth $52,691,000 after acquiring an additional 125,687 shares during the period. Holocene Advisors LP raised its stake in Carlisle Companies by 151.3% during the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after acquiring an additional 106,539 shares during the period. Finally, Geode Capital Management LLC raised its stake in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after acquiring an additional 102,436 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Oppenheimer restated 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. Finally, The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Insider Activity

In related news, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. The trade was 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 Price Performance

Shares of NYSE:CSL opened at $340.26 on Friday. The firm’s 50 day moving average is $370.24 and its two-hundred day moving average is $411.36. Carlisle Companies Incorporated has a 52 week low of $332.04 and a 52 week high of $481.26. The firm has a market capitalization of $15.16 billion, a P/E ratio of 12.31, a PEG ratio of 1.03 and a beta of 0.96. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period in the previous year, the firm earned $4.17 earnings per share. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

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.