River Road Asset Management LLC Sells 23,993 Shares of Carlisle Companies Incorporated (NYSE:CSL)

River Road Asset Management LLC cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 48.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,615 shares of the conglomerate’s stock after selling 23,993 shares during the quarter. River Road Asset Management LLC owned 0.06% of Carlisle Companies worth $9,448,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CSL. Capital Performance Advisors LLP acquired a new position in Carlisle Companies during the third quarter valued at approximately $25,000. True Wealth Design LLC grew its holdings in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after buying an additional 70 shares during the period. Quarry LP grew its holdings in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares during the period. UMB Bank n.a. increased its position in shares of Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after buying an additional 67 shares in the last quarter. Finally, Covestor Ltd raised its stake in Carlisle Companies by 19.3% during the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after buying an additional 32 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies 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 sale, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mehul Patel sold 150 shares of the company’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 value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research analyst reports. Loop Capital decreased their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Oppenheimer reiterated an “outperform” rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $331.43 on Wednesday. The firm has a market cap of $14.77 billion, a PE ratio of 12.00, a PEG 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. The company’s 50 day moving average price is $364.58 and its two-hundred day moving average price is $407.71. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating 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 firm posted $4.17 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed 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. This represents a $4.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

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.