Nomura Asset Management Co. Ltd. Purchases 2,231 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 11.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,326 shares of the conglomerate's stock after acquiring an additional 2,231 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Carlisle Companies were worth $9,591,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in Carlisle Companies in the 3rd quarter valued at $25,000. ORG Partners LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth about $31,000. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC lifted its holdings in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after buying an additional 70 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Carlisle Companies in the second quarter worth $39,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird decreased their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. StockNews.com cut Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Oppenheimer raised 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. Finally, Truist Financial started 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $472.00.

Carlisle Companies Stock Performance

Shares of CSL stock traded down $3.30 on Thursday, reaching $423.76. The stock had a trading volume of 186,990 shares, compared to its average volume of 323,790. The firm's 50-day moving average is $448.43 and its two-hundred day moving average is $426.37. Carlisle Companies Incorporated has a 12 month low of $291.23 and a 12 month high of $481.26. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.45 and a beta of 0.92. 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 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 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%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.68 EPS. On average, research analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies's payout ratio is 14.15%.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the 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 sale, the vice president now directly owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

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.