Quest Partners LLC Grows Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Quest Partners LLC boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 624.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,646 shares of the conglomerate's stock after purchasing an additional 4,005 shares during the quarter. Quest Partners LLC's holdings in Carlisle Companies were worth $2,090,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Resonant Capital Advisors LLC grew its stake in Carlisle Companies by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate's stock valued at $332,000 after acquiring an additional 24 shares in the last quarter. Tributary Capital Management LLC increased its holdings in shares of Carlisle Companies by 1.1% in the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate's stock worth $1,023,000 after purchasing an additional 24 shares during the last quarter. Diversify Advisory Services LLC lifted its position in shares of Carlisle Companies by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate's stock worth $719,000 after buying an additional 25 shares in the last quarter. Equitable Trust Co. boosted its stake in Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate's stock valued at $3,874,000 after buying an additional 25 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Carlisle Companies by 5.2% during the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock valued at $273,000 after buying an additional 30 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CSL shares. Truist Financial assumed coverage on shares of Carlisle Companies in a research note 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. 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. Finally, Oppenheimer lifted their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. 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, Carlisle Companies 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 $4.04 on Tuesday, hitting $435.09. 285,216 shares of the company were exchanged, compared to its average volume of 324,005. The firm has a market capitalization of $19.72 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.47 and a beta of 0.91. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The stock's 50 day moving average price is $443.34 and its 200 day moving average price is $423.07. Carlisle Companies Incorporated has a 1-year low of $269.58 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued 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 0.92%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.15%.

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.