Franklin Resources Inc. Buys 16,303 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Franklin Resources Inc. lifted its position in Carlisle Companies Incorporated (NYSE:CSL) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,177,014 shares of the conglomerate’s stock after acquiring an additional 16,303 shares during the quarter. Franklin Resources Inc. owned approximately 2.60% of Carlisle Companies worth $566,061,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Carlisle Companies during the third quarter worth about $25,000. ORG Partners LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $32,000. True Wealth Design LLC grew its holdings in shares of Carlisle Companies by 1,400.0% in 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 in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Carlisle Companies during the second quarter worth $39,000. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial initiated coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Oppenheimer boosted their target price 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $472.00.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the company’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 sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Down 0.9 %

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

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.68 EPS. As a group, research analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.95%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Carlisle Companies 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.