Carlisle Companies Incorporated $CSL Stock Bought by Shayne & Jacobs LLC

Shayne & Jacobs LLC lifted its position in Carlisle Companies Incorporated (NYSE:CSL) by 32.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,525 shares of the conglomerate’s stock after acquiring an additional 2,105 shares during the period. Carlisle Companies makes up approximately 0.8% of Shayne & Jacobs LLC’s holdings, making the stock its 24th biggest holding. Shayne & Jacobs LLC’s holdings in Carlisle Companies were worth $2,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Carlisle Companies in the second quarter worth $1,499,602,000. Bank of New York Mellon Corp grew its holdings in shares of Carlisle Companies by 26.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock valued at $397,561,000 after buying an additional 251,614 shares during the period. Bessemer Group Inc. grew its holdings in shares of Carlisle Companies by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock valued at $207,078,000 after buying an additional 17,847 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Carlisle Companies by 22.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock valued at $190,508,000 after buying an additional 97,326 shares in the last quarter. Finally, Madison Asset Management LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at $152,865,000. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CSL shares. DA Davidson set a $355.00 price objective on Carlisle Companies in a research note on Friday, October 9th. Truist Financial decreased their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Robert W. Baird decreased their target price on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings upgraded Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $394.50.

Carlisle Companies Stock Up 0.1%

Carlisle Companies stock opened at $340.12 on Thursday. The company has a 50 day moving average of $338.09 and a 200-day moving average of $346.97. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91. The stock has a market capitalization of $13.51 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $6.27 earnings per share. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.