Quantinno Capital Management LP grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 417.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,867 shares of the conglomerate's stock after buying an additional 6,348 shares during the quarter. Quantinno Capital Management LP's holdings in Carlisle Companies were worth $3,538,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in CSL. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies in the third quarter worth approximately $25,000. ORG Partners LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter worth $31,000. ORG Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the third quarter worth $32,000. True Wealth Design LLC increased its position in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 70 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 89.52% of the company's stock.
Insider Activity at Carlisle Companies
In related news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Robert W. Baird cut their price target on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 target price on the stock. Oppenheimer raised their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com downgraded Carlisle Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of "Moderate Buy" and an average price target of $472.00.
View Our Latest Analysis on CSL
Carlisle Companies Price Performance
Shares of NYSE:CSL traded down $9.07 during mid-day trading on Monday, reaching $430.94. The stock had a trading volume of 305,156 shares, compared to its average volume of 324,647. The business's 50 day moving average price is $449.64 and its 200 day moving average price is $426.33. Carlisle Companies Incorporated has a 1 year low of $291.23 and a 1 year high of $481.26. The company has a market cap of $19.53 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.45 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 (NYSE:CSL - Get Free Report) last posted its 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 firm 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.68 earnings per share. 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 announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies's dividend payout ratio is 14.15%.
About Carlisle Companies
(
Free Report)
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.
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