First Trust Direct Indexing L.P. Has $434,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

First Trust Direct Indexing L.P. reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 965 shares of the conglomerate’s stock after selling 67 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Carlisle Companies were worth $434,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversify Advisory Services LLC grew its position in Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after buying an additional 25 shares in the last quarter. Traynor Capital Management Inc. grew its position in Carlisle Companies by 592.4% during the third quarter. Traynor Capital Management Inc. now owns 5,262 shares of the conglomerate’s stock worth $2,367,000 after buying an additional 4,502 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in Carlisle Companies during the third quarter worth about $1,097,000. Pallas Capital Advisors LLC acquired a new stake in Carlisle Companies during the third quarter worth about $216,000. Finally, Asahi Life Asset Management CO. LTD. acquired a new stake in Carlisle Companies during the third quarter worth about $391,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 0.0 %

NYSE CSL opened at $422.26 on Monday. The company has a current ratio of 2.72, a quick ratio of 2.50 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average is $435.55 and its two-hundred day moving average is $417.79. The company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.38 and a beta of 0.91. Carlisle Companies Incorporated has a 1-year low of $259.74 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 27.05% and a return on equity of 33.29%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.68 earnings per share. Equities analysts forecast that Carlisle Companies Incorporated will post 20.36 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.95%. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.15%.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent research reports. Robert W. Baird decreased their target price on 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 downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Oppenheimer lifted their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $475.00.

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.