Carlisle Companies Incorporated (NYSE:CSL) Stock Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 54.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,346 shares of the conglomerate's stock after selling 40,470 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Carlisle Companies worth $14,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CSL. Blair William & Co. IL purchased a new stake in shares of Carlisle Companies in the first quarter valued at about $204,000. O Shaughnessy Asset Management LLC grew its holdings in Carlisle Companies by 6.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,884 shares of the conglomerate's stock valued at $2,697,000 after buying an additional 402 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of Carlisle Companies by 75.0% in the first quarter. UniSuper Management Pty Ltd now owns 700 shares of the conglomerate's stock valued at $274,000 after buying an additional 300 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Carlisle Companies by 7.4% during the first 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 during the period. Finally, Advisors Asset Management Inc. grew its stake in Carlisle Companies by 11.9% in the 1st quarter. Advisors Asset Management Inc. now owns 9,586 shares of the conglomerate's stock worth $3,756,000 after acquiring an additional 1,023 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSL has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Oppenheimer increased their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. StockNews.com lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Finally, Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective on the stock. Two equities research 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 company has a consensus rating of "Moderate Buy" and an average target price of $472.00.

Carlisle Companies Stock Up 0.7 %

CSL traded up $3.05 during trading hours on Thursday, reaching $434.78. 22,495 shares of the stock traded hands, compared to its average volume of 322,855. Carlisle Companies Incorporated has a fifty-two week low of $272.15 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.43 and a beta of 0.91. The firm's fifty day simple moving average is $444.74 and its two-hundred day simple moving average is $423.39.

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 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 analysts' expectations of $1.38 billion. During the same period in the prior year, the company posted $4.68 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.92%. Carlisle Companies's dividend payout ratio (DPR) is 14.15%.

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.