Dai ichi Life Insurance Company Ltd Has $813,000 Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Dai ichi Life Insurance Company Ltd reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 30.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,808 shares of the conglomerate’s stock after selling 792 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Carlisle Companies were worth $813,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSL. Price T Rowe Associates Inc. MD grew its holdings in shares of Carlisle Companies by 3.3% during the first 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 last quarter. Tidal Investments LLC boosted its holdings in Carlisle Companies by 51.1% during the first quarter. Tidal Investments LLC now owns 2,790 shares of the conglomerate’s stock worth $1,093,000 after purchasing an additional 944 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in Carlisle Companies by 20.7% during the first quarter. iA Global Asset Management Inc. now owns 2,261 shares of the conglomerate’s stock worth $886,000 after purchasing an additional 387 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Carlisle Companies during the first quarter worth about $90,000. Finally, Swedbank AB purchased a new position in Carlisle Companies during the first quarter worth about $31,218,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSL has been the topic of several analyst reports. 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 on the stock. Robert W. Baird lowered their price objective 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. 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 research report on Tuesday, October 22nd. Finally, StockNews.com lowered 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average price target of $472.00.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $457.59 on Friday. The company’s 50 day moving average is $448.75 and its 200-day moving average is $424.97. Carlisle Companies Incorporated has a 12-month low of $272.15 and a 12-month high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The firm has a market cap of $20.74 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $4.68 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts predict 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. Stockholders of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.15%.

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.