Carlisle Companies Incorporated (NYSE:CSL) Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 873,063 shares of the conglomerate’s stock after buying an additional 102,436 shares during the period. Geode Capital Management LLC’s holdings in Carlisle Companies were worth $391,827,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CSL. Capital Performance Advisors LLP bought a new stake in Carlisle Companies during the third quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new position in Carlisle Companies during the third quarter worth about $32,000. True Wealth Design LLC lifted its holdings in Carlisle Companies by 1,400.0% in the 3rd 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. ORG Partners LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $31,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $39,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was 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 $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $419.94 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market capitalization of $19.03 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.41 and a beta of 0.92. The business’s 50-day moving average is $447.26 and its 200-day moving average is $426.29. Carlisle Companies Incorporated has a fifty-two week low of $297.25 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last released its 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 company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company earned $4.68 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Carlisle Companies Incorporated will post 20.25 EPS 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. Investors 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 yield of 0.95%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s payout ratio is presently 14.15%.

Analyst Upgrades and Downgrades

CSL has been the topic of several recent research reports. Truist Financial began coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer upped their price objective 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. Finally, Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $472.00.

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.