ING Groep NV Buys Shares of 16,800 Carlisle Companies Incorporated (NYSE:CSL)

ING Groep NV purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,800 shares of the conglomerate's stock, valued at approximately $7,556,000.

Other large investors have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies in the third quarter worth approximately $25,000. ORG Partners LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at $32,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the third quarter worth $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies during the second quarter worth $39,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of CSL stock traded down $4.23 on Friday, reaching $445.34. The company's stock had a trading volume of 208,098 shares, compared to its average volume of 324,225. The company has a market capitalization of $20.19 billion, a P/E ratio of 15.76, a PEG ratio of 1.49 and a beta of 0.91. Carlisle Companies Incorporated has a 12-month low of $269.58 and a 12-month high of $481.26. The stock's 50 day simple moving average is $442.46 and its 200-day simple moving average is $422.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS 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 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 quarter in the previous year, the business earned $4.68 earnings per share. As a group, equities analysts predict that Carlisle Companies Incorporated will post 20.36 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 annualized dividend and a dividend yield of 0.90%. Carlisle Companies's payout ratio is currently 14.15%.

Analyst Ratings Changes

Several analysts have recently weighed in on CSL shares. 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 note on Friday, October 25th. Oppenheimer upped their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Truist Financial started coverage on Carlisle Companies in a research report on Thursday. They set a "hold" rating and a $460.00 price target for the company. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $472.00.

About Carlisle Companies

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.