Corient Private Wealth LLC Cuts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Corient Private Wealth LLC cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 438,310 shares of the conglomerate’s stock after selling 3,104 shares during the quarter. Corient Private Wealth LLC’s holdings in Carlisle Companies were worth $161,666,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its position in Carlisle Companies by 1.4% in the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock valued at $566,061,000 after purchasing an additional 16,303 shares during the period. FMR LLC raised its position in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after purchasing an additional 218,002 shares during the period. Geode Capital Management LLC raised its position in Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the period. Madison Investment Advisors LLC purchased a new stake in shares of Carlisle Companies during the fourth quarter worth about $148,208,000. Finally, Truist Financial Corp increased its position in shares of Carlisle Companies by 3.9% during the fourth quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate’s stock worth $133,776,000 after acquiring an additional 13,505 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 2.9 %

Shares of Carlisle Companies stock opened at $335.95 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The firm has a market cap of $14.97 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26. The business has a 50-day moving average price of $362.29 and a 200 day moving average price of $405.95.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same period last year, the company earned $4.17 earnings per share. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.19%. Carlisle Companies’s payout ratio is currently 14.48%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Loop Capital dropped their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, The Goldman Sachs Group dropped 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $476.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently 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.