Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by TT International Asset Management LTD

TT International Asset Management LTD decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,545 shares of the conglomerate’s stock after selling 450 shares during the quarter. TT International Asset Management LTD’s holdings in Carlisle Companies were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its position in shares of Carlisle Companies by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,042 shares of the conglomerate’s stock valued at $919,000 after acquiring an additional 56 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after acquiring an additional 102,436 shares during the last quarter. M&T Bank Corp boosted its position in shares of Carlisle Companies by 1.3% during the 3rd quarter. M&T Bank Corp now owns 4,263 shares of the conglomerate’s stock valued at $1,917,000 after acquiring an additional 54 shares during the last quarter. Barclays PLC boosted its position in shares of Carlisle Companies by 31.3% during the 3rd quarter. Barclays PLC now owns 60,920 shares of the conglomerate’s stock valued at $27,399,000 after acquiring an additional 14,526 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Carlisle Companies by 11.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 21,326 shares of the conglomerate’s stock valued at $9,591,000 after acquiring an additional 2,231 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the firm’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 trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSL has been the topic of a number of recent analyst reports. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer upped their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird cut their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

Carlisle Companies Price Performance

CSL stock opened at $425.56 on Wednesday. The company has a market capitalization of $19.29 billion, a P/E ratio of 15.06, a PEG ratio of 1.45 and a beta of 0.92. Carlisle Companies Incorporated has a twelve month low of $291.23 and a twelve month high of $481.26. The business has a 50 day simple moving average of $448.81 and a 200-day simple moving average of $426.37. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly 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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business earned $4.68 earnings per share. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed 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. This represents a $4.00 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is 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.