Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Empowered Funds LLC

Empowered Funds LLC trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 60.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,012 shares of the conglomerate’s stock after selling 10,856 shares during the quarter. Empowered Funds LLC’s holdings in Carlisle Companies were worth $2,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CSL. Cornerstone Wealth Management LLC raised its holdings in shares of Carlisle Companies by 15.6% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,745 shares of the conglomerate’s stock valued at $785,000 after purchasing an additional 235 shares in the last quarter. nVerses Capital LLC acquired a new stake in Carlisle Companies during the 3rd quarter worth $765,000. Good Life Advisors LLC acquired a new stake in Carlisle Companies during the 3rd quarter worth $340,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Carlisle Companies by 148.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,113 shares of the conglomerate’s stock worth $4,998,000 after acquiring an additional 6,634 shares in the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in Carlisle Companies during the 3rd quarter worth $226,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 1.9 %

Shares of NYSE:CSL opened at $361.04 on Friday. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.04 and a beta of 0.96. The firm’s 50-day simple moving average is $385.11 and its 200-day simple moving average is $415.23. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a fifty-two week low of $339.10 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 33.14%. During the same quarter in the prior year, the company earned $4.17 EPS. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction 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. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,475 shares of company stock valued at $541,219. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Company 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.