Vinva Investment Management Ltd Buys 10,472 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Vinva Investment Management Ltd lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 64.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,599 shares of the conglomerate’s stock after acquiring an additional 10,472 shares during the quarter. Vinva Investment Management Ltd owned approximately 0.06% of Carlisle Companies worth $11,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Resonant Capital Advisors LLC boosted its stake in shares of Carlisle Companies by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after purchasing an additional 24 shares during the last quarter. Tributary Capital Management LLC lifted its stake in shares of Carlisle Companies by 1.1% in the 3rd quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock valued at $1,023,000 after purchasing an additional 24 shares during the period. Diversify Advisory Services LLC boosted its position in shares of Carlisle Companies by 1.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock valued at $719,000 after purchasing an additional 25 shares in the last quarter. Equitable Trust Co. grew its stake in Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock worth $3,874,000 after purchasing an additional 25 shares during the period. Finally, Metis Global Partners LLC grew its stake in Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after purchasing an additional 30 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL opened at $457.73 on Thursday. The firm has a market capitalization of $20.75 billion, a P/E ratio of 16.20, a P/E/G 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. The stock has a 50 day moving average price of $448.11 and a two-hundred day moving average price of $424.74. 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 announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 33.29% and a net margin of 27.05%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.68 EPS. Equities analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a $1.00 dividend. 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 payout ratio is presently 14.15%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CSL shares. Oppenheimer increased their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Robert W. Baird cut their price objective 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. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $472.00.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

About Carlisle Companies

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.