MetLife Investment Management LLC Sells 1,183 Shares of Carlisle Companies Incorporated (NYSE:CSL)

MetLife Investment Management LLC lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.7% in the third quarter, Holdings Channel.com reports. The fund owned 24,119 shares of the conglomerate’s stock after selling 1,183 shares during the quarter. MetLife Investment Management LLC’s holdings in Carlisle Companies were worth $10,848,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Silver Lake Advisory LLC purchased a new stake in shares of Carlisle Companies during the second quarter valued at $608,000. Price T Rowe Associates Inc. MD boosted its position in Carlisle Companies by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after buying an additional 1,429 shares during the period. Driehaus Capital Management LLC grew its stake in Carlisle Companies by 44.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after acquiring an additional 17,472 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Carlisle Companies by 188.0% during the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after acquiring an additional 5,389 shares during the period. Finally, KBC Group NV boosted its holdings in shares of 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 during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CSL. Oppenheimer raised their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Robert W. Baird cut their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and an average target price of $472.00.

Carlisle Companies Price Performance

CSL opened at $457.59 on Friday. 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 company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The business’s 50-day moving average is $448.75 and its two-hundred day moving average is $424.97. Carlisle Companies Incorporated has a 1 year low of $272.15 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted 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). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned $4.68 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid 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 0.87%. Carlisle Companies’s payout ratio is 14.15%.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.