Loomis Sayles & Co. L P Takes $935,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Loomis Sayles & Co. L P bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,080 shares of the conglomerate’s stock, valued at approximately $935,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSL. TD Asset Management Inc increased its stake in Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after buying an additional 268,685 shares during the period. Epoch Investment Partners Inc. purchased a new stake in Carlisle Companies during the 2nd quarter worth $65,041,000. Swedbank AB acquired a new position in Carlisle Companies during the 1st quarter worth $31,218,000. Shellback Capital LP boosted its holdings in shares of Carlisle Companies by 451.9% in the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after buying an additional 65,600 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of Carlisle Companies by 109.0% in the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock valued at $49,999,000 after buying an additional 64,351 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.8 %

Carlisle Companies stock opened at $457.73 on Thursday. 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 firm has a 50-day moving average price of $448.11 and a two-hundred day moving average price of $424.74. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.55 and a beta of 0.91. Carlisle Companies Incorporated has a 52-week low of $272.15 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm posted $4.68 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared 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 is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.87%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Insiders Place Their Bets

In other Carlisle Companies 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CSL. Robert W. Baird decreased their price target 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. 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 report on Tuesday, October 22nd. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

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.