National Bank of Canada FI Decreases Position in Carlisle Companies Incorporated (NYSE:CSL)

National Bank of Canada FI trimmed its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 62.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,792 shares of the conglomerate's stock after selling 2,975 shares during the quarter. National Bank of Canada FI's holdings in Carlisle Companies were worth $806,000 at the end of the most recent reporting period.

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

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the 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 transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSL. 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. Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price for the company. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies has a consensus rating of "Moderate Buy" and a consensus price target of $472.00.

Carlisle Companies Trading Down 0.9 %

Shares of NYSE CSL traded down $3.73 during mid-day trading on Friday, reaching $420.03. The company had a trading volume of 223,868 shares, compared to its average volume of 323,375. The stock 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 50-day moving average is $447.26 and its 200-day moving average is $426.41. Carlisle Companies Incorporated has a 52 week low of $297.25 and a 52 week high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced 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). The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.68 EPS. Equities analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current 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 given a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.95%. Carlisle Companies's dividend payout ratio is presently 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.