Mirae Asset Global Investments Co. Ltd. Sells 44 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.5% in the fourth quarter, Holdings Channel reports. The fund owned 2,836 shares of the conglomerate’s stock after selling 44 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Carlisle Companies were worth $1,046,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSL. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies during the third quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Carlisle Companies in the 3rd quarter worth $32,000. True Wealth Design LLC grew its holdings in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. increased its holdings in Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after buying an additional 92 shares during the period. Finally, Quarry LP raised its stake in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after buying an additional 57 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE CSL opened at $357.59 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock’s fifty day moving average is $388.30 and its two-hundred day moving average is $416.04. The firm has a market capitalization of $16.21 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. Carlisle Companies Incorporated has a fifty-two week low of $338.52 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the previous year, the firm earned $4.17 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Analysts Set New Price Targets

CSL has been the topic of several recent research reports. Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group dropped their price objective 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. Loop Capital reduced their target price 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. Oppenheimer reissued an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Truist Financial began coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Two 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 currently has an average rating of “Moderate Buy” and an average target price of $476.00.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the company’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The shares were 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 $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,475 shares of company stock worth $541,219. Company 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.