Carlisle Companies Incorporated (NYSE:CSL) Holdings Decreased by Navellier & Associates Inc.

Navellier & Associates Inc. lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 6.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,394 shares of the conglomerate’s stock after selling 749 shares during the period. Navellier & Associates Inc.’s holdings in Carlisle Companies were worth $5,124,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CSL. TD Asset Management Inc raised its stake in shares of Carlisle Companies by 2,073.5% in 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 in the last quarter. Epoch Investment Partners Inc. acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $65,041,000. Swedbank AB acquired a new stake in Carlisle Companies in the 1st quarter valued at about $31,218,000. Shellback Capital LP boosted its position in shares of Carlisle Companies by 451.9% during the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after purchasing an additional 65,600 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Carlisle Companies by 109.0% during the second quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock valued at $49,999,000 after purchasing an additional 64,351 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $431.40 on Thursday. The stock has a market cap of $19.56 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. Carlisle Companies Incorporated has a 12 month low of $272.15 and a 12 month 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 business has a fifty day simple moving average of $444.74 and a 200-day simple moving average of $423.39.

Carlisle Companies (NYSE:CSL) last released 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 for the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $4.68 EPS. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal 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 $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.93%. Carlisle Companies’s payout ratio is 14.15%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CSL shares. Robert W. Baird decreased their price target 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. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer upped their target price on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.