BNP Paribas Financial Markets Acquires 3,845 Shares of Carlisle Companies Incorporated (NYSE:CSL)

BNP Paribas Financial Markets boosted its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 21.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,042 shares of the conglomerate's stock after purchasing an additional 3,845 shares during the quarter. BNP Paribas Financial Markets' holdings in Carlisle Companies were worth $9,913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies in the third quarter valued at about $25,000. ORG Partners LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $32,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the third quarter worth approximately $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at approximately $39,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of CSL traded down $3.42 during trading hours on Monday, reaching $453.28. The stock had a trading volume of 241,609 shares, compared to its average volume of 325,333. 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 12 month low of $283.87 and a 12 month high of $481.26. The stock has a market capitalization of $20.55 billion, a PE ratio of 16.11, a PEG ratio of 1.50 and a beta of 0.91. The company's 50-day moving average is $449.55 and its two-hundred day moving average is $425.56.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $4.68 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

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

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CSL. Oppenheimer raised 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. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 price target for the company. Robert W. Baird reduced their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com cut shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.