KBC Group NV Buys 2,752 Shares of Carlisle Companies Incorporated (NYSE:CSL)

KBC Group NV increased its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 34.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,646 shares of the conglomerate's stock after buying an additional 2,752 shares during the quarter. KBC Group NV's holdings in Carlisle Companies were worth $4,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSL. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies during the 3rd quarter valued at about $25,000. ORG Partners LLC acquired a new stake in Carlisle Companies during the 2nd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies in the 2nd quarter worth about $32,000. ORG Wealth Partners LLC acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at about $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in Carlisle Companies during the second quarter worth about $39,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analyst Weigh In

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

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $6.18 during trading on Monday, hitting $439.16. 236,978 shares of the stock were exchanged, compared to its average volume of 323,765. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a 1-year low of $269.58 and a 1-year high of $481.26. The company's fifty day simple moving average is $442.46 and its 200-day simple moving average is $422.76.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly 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). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $4.68 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed 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. 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 0.91%. Carlisle Companies's dividend payout ratio (DPR) 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.