Corebridge Financial Inc. Sells 3,392 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Corebridge Financial Inc. cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,215 shares of the conglomerate’s stock after selling 3,392 shares during the period. Corebridge Financial Inc. owned about 0.11% of Carlisle Companies worth $18,890,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in shares of Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 57 shares in the last quarter. True Wealth Design LLC lifted its position in Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after buying an additional 70 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after buying an additional 78 shares in the last quarter. Quarry LP grew its position in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after acquiring an additional 57 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Carlisle Companies by 55.4% during the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $348.88 on Tuesday. The company’s fifty day simple moving average is $358.97 and its two-hundred day simple moving average is $402.98. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26. The firm has a market cap of $15.40 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm earned $4.17 EPS. As a group, equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.15%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of research reports. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Loop Capital cut their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Buying and Selling

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 transaction of $52,579.50. Following the sale, the vice president now directly owns 815 shares of the company’s stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the 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 completion of the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by 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.