Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,289 shares of the conglomerate's stock after selling 2,060 shares during the period. Baillie Gifford & Co. owned approximately 0.09% of Carlisle Companies worth $17,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in shares of Carlisle Companies by 30.3% in the 1st quarter. Private Advisor Group LLC now owns 993 shares of the conglomerate's stock valued at $389,000 after acquiring an additional 231 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Carlisle Companies by 47.9% in the first quarter. SG Americas Securities LLC now owns 3,725 shares of the conglomerate's stock valued at $1,460,000 after purchasing an additional 1,206 shares during the last quarter. Russell Investments Group Ltd. grew its position in Carlisle Companies by 57.5% during the 1st quarter. Russell Investments Group Ltd. now owns 44,757 shares of the conglomerate's stock worth $17,538,000 after purchasing an additional 16,339 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Carlisle Companies by 8.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 52,724 shares of the conglomerate's stock valued at $20,660,000 after buying an additional 4,057 shares during the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of Carlisle Companies in the 1st quarter valued at about $213,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Price Performance

Carlisle Companies stock traded up $1.85 during trading on Wednesday, reaching $454.89. The company had a trading volume of 232,665 shares, compared to its average volume of 325,380. The firm has a market capitalization of $20.62 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. The firm's 50-day simple moving average is $439.59 and its 200 day simple moving average is $421.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a 1-year low of $269.58 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its 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 net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $4.68 EPS. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 20.36 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.88%. Carlisle Companies's payout ratio is currently 14.15%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com cut Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Robert W. Baird decreased their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Oppenheimer lifted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $475.00.

About Carlisle Companies

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.