UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Carlisle Companies Incorporated (NYSE:CSL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 14.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,343 shares of the conglomerate's stock after buying an additional 41,766 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.75% of Carlisle Companies worth $152,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. TD Asset Management Inc boosted its holdings in Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate's stock valued at $114,125,000 after purchasing an additional 268,685 shares in the last quarter. FMR LLC increased its position in shares of Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock valued at $429,641,000 after buying an additional 218,002 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in Carlisle Companies in the 2nd quarter worth $65,041,000. Shellback Capital LP boosted its stake in Carlisle Companies by 451.9% in the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate's stock worth $32,465,000 after purchasing an additional 65,600 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Carlisle Companies by 109.0% in the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate's stock worth $49,999,000 after purchasing an additional 64,351 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSL. Oppenheimer upped their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Truist Financial assumed 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. StockNews.com lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird cut their target price 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $472.00.

Carlisle Companies Stock Down 0.2 %

CSL traded down $0.89 during midday trading on Friday, hitting $456.70. The company had a trading volume of 166,658 shares, compared to its average volume of 309,106. Carlisle Companies Incorporated has a 52 week low of $272.20 and a 52 week 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 capitalization of $20.70 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.50 and a beta of 0.91. The stock's 50 day moving average price is $449.55 and its 200 day moving average price is $425.54.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.33 billion for 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 firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.68 earnings per share. On average, research analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm 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 dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, November 15th. Carlisle Companies's dividend payout ratio is currently 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.