Geode Capital Management LLC Acquires 102,436 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Geode Capital Management LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 13.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 873,063 shares of the conglomerate's stock after purchasing an additional 102,436 shares during the period. Geode Capital Management LLC owned 1.93% of Carlisle Companies worth $391,827,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Carlisle Companies in the third quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new position in shares of Carlisle Companies during the 3rd quarter worth $32,000. True Wealth Design LLC raised its holdings in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 70 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at $31,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at $39,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Carlisle Companies

In other 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 sale, the vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded down $3.73 during trading on Friday, reaching $420.03. The company's stock had a trading volume of 223,868 shares, compared to its average volume of 323,375. Carlisle Companies Incorporated has a one year low of $297.25 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The business's fifty day moving average price is $447.26 and its 200-day moving average price is $426.33.

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 return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $4.68 earnings per share. The business's quarterly revenue 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 earnings per share 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 paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, November 15th. Carlisle Companies's 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.