Carlisle Companies Incorporated (NYSE:CSL) Position Lowered by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 owned 0.21% of Carlisle Companies worth $34,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd grew its holdings in Carlisle Companies by 1,121.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 12,887 shares of the conglomerate’s stock worth $4,753,000 after acquiring an additional 11,832 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Carlisle Companies by 10.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,600 shares of the conglomerate’s stock worth $4,647,000 after acquiring an additional 1,200 shares in the last quarter. TCW Group Inc. raised its holdings in Carlisle Companies by 1.5% during the fourth quarter. TCW Group Inc. now owns 27,489 shares of the conglomerate’s stock valued at $10,139,000 after buying an additional 400 shares in the last quarter. Navellier & Associates Inc. lifted its stake in shares of Carlisle Companies by 3.8% in the fourth quarter. Navellier & Associates Inc. now owns 11,832 shares of the conglomerate’s stock worth $4,364,000 after buying an additional 438 shares during the last quarter. Finally, Cordatus Wealth Management LLC boosted its stake in Carlisle Companies by 242.5% during the 4th quarter. Cordatus Wealth Management LLC now owns 3,384 shares of the conglomerate’s stock valued at $1,248,000 after purchasing an additional 2,396 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

NYSE:CSL opened at $334.48 on Monday. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies Incorporated has a fifty-two week low of $332.34 and a fifty-two week high of $481.26. The stock has a fifty day moving average price of $375.76 and a 200-day moving average price of $413.33.

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 net margin of 26.22% and a return on equity of 34.37%. During the same period last year, the company earned $4.17 EPS. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSL. 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. Loop Capital dropped their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. 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 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 stock. Based on data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and an average target price of $476.00.

Insiders Place Their Bets

In related news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction dated Saturday, February 8th. The shares were 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 represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.