Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,177,014 shares of the conglomerate's stock after acquiring an additional 16,303 shares during the period. Franklin Resources Inc. owned about 2.60% of Carlisle Companies worth $566,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CSL. TD Asset Management Inc raised its position in 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 in the last quarter. FMR LLC increased its stake in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after buying an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Carlisle Companies by 6,405.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock valued at $80,757,000 after acquiring an additional 176,799 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in Carlisle Companies in the second quarter worth approximately $65,041,000. Finally, Holocene Advisors LP grew its holdings in Carlisle Companies by 151.3% during the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock worth $79,594,000 after acquiring an additional 106,539 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The shares were 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 the SEC website. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

CSL has been the topic of a number of analyst reports. Oppenheimer raised their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a report 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. Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 price objective for the company. Finally, Robert W. Baird cut their target price on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $472.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $3.73 during trading hours on Friday, reaching $420.03. The stock had a trading volume of 223,868 shares, compared to its average volume of 323,375. The firm has a 50-day moving average of $447.26 and a 200-day moving average of $426.29. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.41 and a beta of 0.92. 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 Incorporated has a fifty-two week low of $297.25 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.68 earnings per share. Equities research analysts predict that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.95%. Carlisle Companies's dividend payout ratio 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.