First Trust Direct Indexing L.P. reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL – Free Report) 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 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.
View Our Latest Stock Report on Carlisle Companies
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.
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