Franklin Resources Inc. Purchases 16,303 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Franklin Resources Inc. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,177,014 shares of the conglomerate’s stock after buying an additional 16,303 shares during the period. Franklin Resources Inc.’s holdings in Carlisle Companies were worth $566,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSL. Driehaus Capital Management LLC boosted its position in shares of Carlisle Companies by 44.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock valued at $22,971,000 after acquiring an additional 17,472 shares during the last quarter. KBC Group NV raised its stake in Carlisle Companies by 34.9% in the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock valued at $4,788,000 after purchasing an additional 2,752 shares in the last quarter. Quest Partners LLC lifted its position in Carlisle Companies by 624.8% during the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after purchasing an additional 4,005 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in Carlisle Companies in the 3rd quarter worth approximately $631,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Carlisle Companies by 22.5% in the 2nd quarter. Hsbc Holdings PLC now owns 14,520 shares of the conglomerate’s stock worth $5,893,000 after buying an additional 2,668 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $419.94 on Friday. The company has a market capitalization of $19.03 billion, a P/E ratio of 14.86, a PEG ratio of 1.41 and a beta of 0.92. Carlisle Companies Incorporated has a fifty-two week low of $297.25 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock has a 50 day moving average price of $447.26 and a two-hundred day moving average price of $426.29.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.68 earnings per share. Analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current 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 issued a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.95%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CSL shares. Oppenheimer lifted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Two investment 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, Carlisle Companies has an average rating of “Moderate Buy” and an average price target of $472.00.

Insider Buying and Selling

In related 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 sale, the vice president now owns 2,834 shares of the company’s stock, 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 legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

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.