iA Global Asset Management Inc. Has $389,000 Holdings in Carlisle Companies Incorporated (NYSE:CSL)

iA Global Asset Management Inc. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 71.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 866 shares of the conglomerate's stock after selling 2,195 shares during the quarter. iA Global Asset Management Inc.'s holdings in Carlisle Companies were worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies during the 3rd quarter valued at $25,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies in the 3rd quarter valued at about $32,000. True Wealth Design LLC raised its position in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after buying an additional 70 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $31,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $39,000. 89.52% of the stock is currently owned by institutional investors.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of Carlisle Companies 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 directly owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

Carlisle Companies Trading Down 1.2 %

Shares of CSL stock traded down $5.38 during mid-day trading on Tuesday, reaching $425.56. 262,414 shares of the stock traded hands, compared to its average volume of 324,386. The stock's fifty day simple moving average is $449.27 and its two-hundred day simple moving average is $426.38. Carlisle Companies Incorporated has a 1-year low of $291.23 and a 1-year 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 company has a market cap of $19.29 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.68 earnings per share. On average, research analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal 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 issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.94%. Carlisle Companies's payout ratio is 14.15%.

Wall Street Analyst Weigh In

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