Cerity Partners LLC Acquires 2,285 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Cerity Partners LLC boosted its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 49.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,951 shares of the conglomerate's stock after acquiring an additional 2,285 shares during the period. Cerity Partners LLC's holdings in Carlisle Companies were worth $3,126,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CSL. TD Asset Management Inc lifted its stake in shares of Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate's stock valued at $114,125,000 after purchasing an additional 268,685 shares during the period. Epoch Investment Partners Inc. purchased a new position in Carlisle Companies during the second quarter valued at $65,041,000. Shellback Capital LP boosted its holdings in shares of Carlisle Companies by 451.9% during the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate's stock valued at $32,465,000 after buying an additional 65,600 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Carlisle Companies by 109.0% in the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate's stock worth $49,999,000 after buying an additional 64,351 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Carlisle Companies by 846.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate's stock worth $28,154,000 after acquiring an additional 55,988 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSL. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. 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 target on the stock. StockNews.com lowered Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Oppenheimer boosted their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Carlisle Companies 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 the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company's stock.

Carlisle Companies Stock Down 0.2 %

NYSE CSL traded down $0.89 during mid-day trading on Friday, reaching $456.70. The stock had a trading volume of 166,658 shares, compared to its average volume of 309,106. The stock has a market cap of $20.70 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91. Carlisle Companies Incorporated has a 1 year low of $272.20 and a 1 year 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 fifty day moving average price of $449.55 and a 200 day moving average price of $425.54.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share 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 analysts' expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $4.68 EPS. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced 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. This represents a $4.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, November 15th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.15%.

Carlisle Companies 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.