Impax Asset Management Group plc Trims Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Impax Asset Management Group plc lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 12.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 94,778 shares of the conglomerate’s stock after selling 14,011 shares during the period. Impax Asset Management Group plc’s holdings in Carlisle Companies were worth $34,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after purchasing an additional 16,303 shares in the last quarter. FMR LLC increased 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. Geode Capital Management LLC increased its stake in Carlisle Companies by 13.3% during the 3rd 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 in the last quarter. Truist Financial Corp increased its holdings in Carlisle Companies by 3.9% in the 4th quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate’s stock worth $133,776,000 after buying an additional 13,505 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Carlisle Companies by 14.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after purchasing an additional 41,766 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 2.5 %

CSL stock opened at $334.48 on Monday. The firm has a market capitalization of $14.90 billion, a PE ratio of 12.11, a P/E/G ratio of 1.03 and a beta of 0.96. Carlisle Companies Incorporated has a 12 month low of $332.34 and a 12 month high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company’s 50 day simple moving average is $375.76 and its 200-day simple moving average is $413.33.

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 return on equity of 34.37% and a net margin of 26.22%. During the same period in the prior year, the business posted $4.17 EPS. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Loop Capital reduced their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. Oppenheimer restated an “outperform” rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their target price 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $476.00.

Insider Activity at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the 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 of the company’s stock, valued at $285,681.95. This represents a 15.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the business’s 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 sale, the director now owns 2,665 shares in the company, valued at $930,724.60. This trade 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 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.