Voya Investment Management LLC Trims Stake in Carlisle Companies Incorporated (NYSE:CSL)

Voya Investment Management LLC reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,843 shares of the conglomerate’s stock after selling 1,455 shares during the period. Voya Investment Management LLC owned approximately 0.05% of Carlisle Companies worth $8,794,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CSL. TD Private Client Wealth LLC grew its position in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 57 shares in the last quarter. GeoWealth Management LLC grew its position in Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after acquiring an additional 29 shares in the last quarter. Farther Finance Advisors LLC grew its position in Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 78 shares in the last quarter. UMB Bank n.a. grew its position in Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after acquiring an additional 67 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in Carlisle Companies in the fourth quarter worth $93,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $376.84 on Tuesday. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a 50-day moving average price of $342.27 and a 200-day moving average price of $386.45. 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 12 month low of $311.41 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.72 earnings per share. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the firm’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 transaction of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, 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. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSL. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Truist Financial lowered their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Robert W. Baird boosted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Finally, StockNews.com downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies has an average rating of “Hold” and an average target price of $454.00.

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.