Fmr LLC Has $429.64 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

FMR LLC grew its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 29.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 955,289 shares of the conglomerate's stock after acquiring an additional 218,002 shares during the period. FMR LLC owned about 2.11% of Carlisle Companies worth $429,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CSL. Price T Rowe Associates Inc. MD lifted its position in shares of Carlisle Companies by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate's stock worth $17,391,000 after purchasing an additional 1,429 shares in the last quarter. Tidal Investments LLC boosted its position in Carlisle Companies by 51.1% in the 1st quarter. Tidal Investments LLC now owns 2,790 shares of the conglomerate's stock valued at $1,093,000 after buying an additional 944 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Carlisle Companies by 188.0% during the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate's stock valued at $3,235,000 after acquiring an additional 5,389 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Carlisle Companies during the first quarter worth about $811,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Carlisle Companies by 43.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 317 shares of the conglomerate's stock worth $128,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were 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 directly owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded down $0.89 during trading on Friday, hitting $456.70. 166,658 shares of the stock were exchanged, compared to its average volume of 325,695. The stock has a market cap of $20.70 billion, a PE ratio of 16.16, a P/E/G ratio of 1.51 and a beta of 0.91. The stock's fifty day moving average is $449.55 and its 200 day moving average is $425.49. Carlisle Companies Incorporated has a 12 month low of $272.20 and a 12 month 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.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its 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). The business had revenue of $1.33 billion for 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 firm's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies's payout ratio is currently 14.15%.

Analysts Set New Price Targets

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

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.