Wedge Capital Management L L P NC Has $18.68 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Wedge Capital Management L L P NC grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 50,640 shares of the conglomerate’s stock after purchasing an additional 5,111 shares during the period. Wedge Capital Management L L P NC’s holdings in Carlisle Companies were worth $18,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of 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 buying an additional 16,303 shares during the last quarter. FMR LLC raised its stake in shares of Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after buying an additional 218,002 shares during the period. Geode Capital Management LLC grew its stake in shares of Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after acquiring an additional 102,436 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Carlisle Companies by 14.1% in 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. Finally, Truist Financial Corp boosted its holdings in shares of Carlisle Companies by 0.8% in the second quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after acquiring an additional 2,545 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 1.3 %

CSL opened at $400.46 on Friday. Carlisle Companies Incorporated has a 12 month low of $302.08 and a 12 month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $411.47 and its 200-day moving average price is $420.42. The company has a market cap of $18.15 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.09 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data 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). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. Carlisle Companies’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders 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 annualized dividend and a yield of 1.00%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Insider Activity at Carlisle Companies

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

Analyst Ratings Changes

CSL has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target 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. The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday. Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. Oppenheimer reissued an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and an average price target 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.