Entropy Technologies LP Invests $992,000 in Carlisle Companies Incorporated (NYSE:CSL)

Entropy Technologies LP acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,206 shares of the conglomerate's stock, valued at approximately $992,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its stake in Carlisle Companies by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate's stock valued at $26,631,000 after buying an additional 4,692 shares in the last quarter. Silver Lake Advisory LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at $608,000. Price T Rowe Associates Inc. MD boosted its stake in Carlisle Companies by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate's stock valued at $17,391,000 after buying an additional 1,429 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in Carlisle Companies by 44.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate's stock valued at $22,971,000 after buying an additional 17,472 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Carlisle Companies by 188.0% in the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate's stock worth $3,235,000 after purchasing an additional 5,389 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Down 0.9 %

Shares of Carlisle Companies stock traded down $4.25 during trading hours on Thursday, hitting $450.58. The company's stock had a trading volume of 186,052 shares, compared to its average volume of 324,751. Carlisle Companies Incorporated has a 12 month low of $269.58 and a 12 month high of $481.26. The stock has a 50 day moving average of $441.60 and a 200 day moving average of $421.92. The company has a market capitalization of $20.42 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $4.68 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. Analysts predict that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.89%. Carlisle Companies's dividend payout ratio is currently 14.15%.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Truist Financial initiated coverage on Carlisle Companies in a research note on Thursday. They issued a "hold" rating and a $460.00 price objective on the stock. Oppenheimer boosted their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com downgraded Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $472.00.

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.