Assenagon Asset Management S.A. Sells 35,513 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Assenagon Asset Management S.A. lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 56.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,086 shares of the conglomerate’s stock after selling 35,513 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.06% of Carlisle Companies worth $9,990,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CSL. FMR LLC raised 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 acquiring an additional 218,002 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Carlisle Companies by 6,405.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after purchasing an additional 176,799 shares during the period. Epoch Investment Partners Inc. bought a new position in Carlisle Companies during the 2nd quarter worth approximately $65,041,000. Holocene Advisors LP lifted its position in shares of Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after purchasing an additional 106,539 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Carlisle Companies by 13.3% in 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 during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Up 1.3 %

Shares of NYSE:CSL opened at $400.46 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a 52-week low of $302.08 and a 52-week high of $481.26. The business’s 50 day simple moving average is $411.47 and its two-hundred day simple moving average is $420.53. The firm has a market cap of $18.15 billion, a P/E ratio of 14.17, a PEG ratio of 1.09 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.68 earnings per share. As a group, research analysts forecast that Carlisle Companies Incorporated will post 20.23 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.00%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CSL shares. Robert W. Baird dropped 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. Loop Capital lowered their price objective 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. The Goldman Sachs Group cut their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $476.00.

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.