Carlisle Companies Incorporated (NYSE:CSL) Stock Position Reduced by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,055 shares of the conglomerate’s stock after selling 26 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Carlisle Companies were worth $474,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSL. TD Asset Management Inc boosted its holdings in Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after purchasing an additional 268,685 shares during the period. FMR LLC boosted its holdings 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 during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Carlisle Companies by 6,405.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after buying an additional 176,799 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in Carlisle Companies during the second quarter worth about $65,041,000. Finally, Holocene Advisors LP lifted its holdings in Carlisle Companies by 151.3% in the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after acquiring an additional 106,539 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Down 0.9 %

CSL opened at $420.03 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 12 month low of $297.25 and a 12 month high of $481.26. The stock’s 50 day moving average price is $447.26 and its 200 day moving average price is $426.41. The stock has a market cap of $19.04 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.41 and a beta of 0.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data 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 company 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%. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.68 earnings per share. As a group, research analysts predict that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

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. This represents a $4.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Truist Financial initiated coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Finally, Oppenheimer upped their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $472.00.

Insider Activity at Carlisle Companies

In other Carlisle Companies 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 completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.