Quarry LP Buys 57 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Quarry LP lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 75.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 133 shares of the conglomerate’s stock after acquiring an additional 57 shares during the period. Quarry LP’s holdings in Carlisle Companies were worth $60,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies in the third quarter valued at approximately $25,000. ORG Partners LLC purchased a new stake in Carlisle Companies in the 2nd quarter valued at $31,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies during the 3rd quarter valued at $32,000. True Wealth Design LLC lifted its stake in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 70 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Carlisle Companies during the 2nd quarter worth $39,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Trading Down 2.1 %

Shares of CSL stock opened at $430.84 on Tuesday. Carlisle Companies Incorporated has a 12-month low of $291.23 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 company has a 50 day moving average of $449.27 and a 200-day moving average of $426.38. The firm has a market cap of $19.53 billion, a P/E ratio of 15.25, a PEG ratio of 1.45 and a beta of 0.92.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $4.68 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.93%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the company’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 sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

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

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.