Dai ichi Life Insurance Company Ltd Cuts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Dai ichi Life Insurance Company Ltd decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 30.5% in the third quarter, Holdings Channel.com reports. The firm owned 1,808 shares of the conglomerate’s stock after selling 792 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Carlisle Companies were worth $813,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CSL. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies in the 3rd quarter valued at $25,000. ORG Partners LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carlisle Companies during the 2nd quarter valued at $32,000. ORG Wealth Partners LLC bought a new stake in Carlisle Companies during the 3rd quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.8 %

Shares of NYSE CSL opened at $457.59 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 $272.15 and a 12 month high of $481.26. The firm has a market capitalization of $20.74 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. The firm has a fifty day simple moving average of $448.75 and a two-hundred day simple moving average of $424.97.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.68 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.87%. Carlisle Companies’s payout ratio is 14.15%.

Analysts Set New Price Targets

CSL has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. Oppenheimer upped their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carlisle Companies has a consensus 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 stock in a transaction dated Thursday, November 21st. The shares were 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 directly owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

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.