Natixis Advisors LLC Acquires 12,474 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Natixis Advisors LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 10.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 135,864 shares of the conglomerate’s stock after acquiring an additional 12,474 shares during the quarter. Natixis Advisors LLC owned 0.30% of Carlisle Companies worth $61,105,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Carlisle Companies by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,818 shares of the conglomerate’s stock valued at $10,509,000 after buying an additional 4,131 shares during the period. Blair William & Co. IL bought a new stake in shares of Carlisle Companies in the 1st quarter valued at about $204,000. TIAA Trust National Association purchased a new stake in Carlisle Companies during the 1st quarter valued at about $209,000. Cynosure Group LLC bought a new position in Carlisle Companies during the 1st quarter worth approximately $340,000. Finally, Alley Investment Management Company LLC purchased a new position in Carlisle Companies in the 1st quarter worth approximately $5,657,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.9 %

Shares of Carlisle Companies stock opened at $445.34 on Friday. 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 Incorporated has a 12-month low of $269.58 and a 12-month high of $481.26. The company has a market cap of $20.19 billion, a P/E ratio of 15.76, a PEG ratio of 1.49 and a beta of 0.91. The company’s fifty day simple moving average is $442.46 and its two-hundred day simple moving average is $422.50.

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 analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.68 EPS. Research analysts anticipate that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 0.90%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Wall Street Analyst Weigh In

CSL has been the topic of several recent analyst reports. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer upped their price objective 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. Finally, Truist Financial began coverage on Carlisle Companies in a research note on Thursday. They issued a “hold” rating and a $460.00 target price on the stock. Two research 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 stock currently has an average rating of “Moderate Buy” and an average target price of $472.00.

Carlisle Companies Company 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.