Caisse DE Depot ET Placement DU Quebec Acquires 176,799 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 6,405.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,559 shares of the conglomerate's stock after acquiring an additional 176,799 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.40% of Carlisle Companies worth $80,757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC raised its position in shares of Carlisle Companies by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate's stock worth $332,000 after acquiring an additional 24 shares during the last quarter. Tributary Capital Management LLC increased its holdings in Carlisle Companies by 1.1% in the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate's stock valued at $1,023,000 after purchasing an additional 24 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in Carlisle Companies by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate's stock valued at $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. increased its holdings in Carlisle Companies by 0.3% in the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate's stock valued at $3,874,000 after purchasing an additional 25 shares during the last quarter. Finally, Metis Global Partners LLC increased its holdings in Carlisle Companies by 5.2% in the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock valued at $273,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSL. Robert W. Baird dropped their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a report on Friday, October 25th. StockNews.com downgraded Carlisle Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Oppenheimer increased their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. 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 target for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $472.00.

Carlisle Companies Stock Down 0.2 %

Shares of NYSE:CSL traded down $0.89 during mid-day trading on Friday, reaching $456.70. 166,658 shares of the stock were exchanged, compared to its average volume of 309,106. The stock's 50 day simple moving average is $449.55 and its 200-day simple moving average is $425.54. Carlisle Companies Incorporated has a one year low of $272.20 and a one year high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company has a market cap of $20.70 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.50 and a beta of 0.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 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 for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company posted $4.68 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The firm 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 $1.00 dividend. The ex-dividend date of this dividend 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 14.15%.

Insider Activity

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred on Thursday, November 21st. The stock was 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 of the company's stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.

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.