Charles Schwab Investment Management Inc. Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Charles Schwab Investment Management Inc. reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,555 shares of the conglomerate’s stock after selling 1,445 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.71% of Carlisle Companies worth $119,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC grew its stake in Carlisle Companies by 1.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,400 shares of the conglomerate’s stock valued at $2,729,000 after acquiring an additional 132 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Carlisle Companies by 118.3% during the fourth quarter. Jones Financial Companies Lllp now owns 753 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 408 shares in the last quarter. Kinsale Capital Group Inc. bought a new stake in shares of Carlisle Companies in the fourth quarter worth about $1,774,000. Bridges Investment Management Inc. lifted its position in shares of Carlisle Companies by 18.3% in the fourth quarter. Bridges Investment Management Inc. now owns 2,105 shares of the conglomerate’s stock worth $776,000 after buying an additional 325 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in Carlisle Companies by 6.4% during the fourth quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate’s stock valued at $238,000 after buying an additional 39 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Carlisle Companies Trading Up 0.5 %

Shares of CSL opened at $336.08 on Friday. The company’s fifty day simple moving average is $365.97 and its 200-day simple moving average is $408.90. The company has a market cap of $14.98 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.03 and a beta of 0.99. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a twelve month low of $321.93 and a twelve month high of $481.26.

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

Carlisle Companies Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

Insiders Place Their Bets

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were 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 of the company’s stock, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The shares were 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 $285,681.95. This represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.