BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Cuts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,945 shares of the conglomerate's stock after selling 1,212 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Carlisle Companies were worth $3,573,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after buying an additional 218,002 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Carlisle Companies by 14.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate's stock valued at $152,170,000 after purchasing an additional 41,766 shares during the period. Truist Financial Corp grew its stake in Carlisle Companies by 0.8% in the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate's stock worth $135,438,000 after acquiring an additional 2,545 shares during the period. TD Asset Management Inc lifted its position in shares of Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate's stock worth $114,125,000 after purchasing an additional 268,685 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Carlisle Companies by 2.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate's stock worth $94,886,000 after acquiring an additional 6,613 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They set a "hold" rating and a $460.00 price target on the stock. StockNews.com downgraded Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Oppenheimer raised their target price on Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird reduced their target price 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $472.00.

Carlisle Companies Trading Down 1.3 %

NYSE:CSL traded down $5.98 on Wednesday, reaching $438.45. The stock had a trading volume of 306,166 shares, compared to its average volume of 325,342. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.49 and a beta of 0.92. 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 Incorporated has a 12-month low of $286.60 and a 12-month high of $481.26. The firm's fifty day moving average is $449.88 and its two-hundred day moving average is $426.01.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company earned $4.68 EPS. Carlisle Companies's revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid 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 0.91%. Carlisle Companies's dividend payout ratio is currently 14.15%.

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.