Edgestream Partners L.P. Invests $5.10 Million in Carlisle Companies Incorporated (NYSE:CSL)

Edgestream Partners L.P. purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,339 shares of the conglomerate's stock, valued at approximately $5,100,000.

Several other institutional investors have also added to or reduced their stakes in the company. Silver Lake Advisory LLC purchased a new position in shares of Carlisle Companies during the second quarter valued at approximately $608,000. Price T Rowe Associates Inc. MD boosted its holdings in Carlisle Companies by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate's stock valued at $17,391,000 after acquiring an additional 1,429 shares in the last quarter. Driehaus Capital Management LLC increased its position in Carlisle Companies by 44.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate's stock valued at $22,971,000 after purchasing an additional 17,472 shares during the period. KBC Group NV raised its holdings in Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock worth $4,788,000 after purchasing an additional 2,752 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Carlisle Companies by 188.0% in the 1st quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate's stock worth $3,235,000 after purchasing an additional 5,389 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 price target on the stock. Robert W. Baird decreased their target price 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. StockNews.com lowered Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Oppenheimer increased their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus price target of $472.00.

Carlisle Companies Stock Down 0.2 %

Shares of NYSE CSL traded down $0.89 during trading on Friday, reaching $456.70. The company had a trading volume of 166,658 shares, compared to its average volume of 309,106. Carlisle Companies Incorporated has a 12-month low of $272.20 and a 12-month high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The business's 50-day moving average is $449.55 and its 200 day moving average is $425.54. The stock has a market cap of $20.70 billion, a PE ratio of 16.16, a P/E/G ratio of 1.50 and a beta of 0.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $4.68 earnings per share. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.88%. 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.