AIA Group Ltd Purchases 792 Shares of Carlisle Companies Incorporated (NYSE:CSL)

AIA Group Ltd raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 11.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,874 shares of the conglomerate’s stock after acquiring an additional 792 shares during the quarter. AIA Group Ltd’s holdings in Carlisle Companies were worth $3,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lifestyle Asset Management Inc. purchased a new stake in shares of Carlisle Companies during the 3rd quarter valued at about $1,012,000. Beacon Harbor Wealth Advisors Inc. grew its position in Carlisle Companies by 0.8% during the third quarter. Beacon Harbor Wealth Advisors Inc. now owns 14,789 shares of the conglomerate’s stock valued at $6,651,000 after buying an additional 120 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings in Carlisle Companies by 100.0% during the third quarter. Kornitzer Capital Management Inc. KS now owns 1,080 shares of the conglomerate’s stock valued at $486,000 after buying an additional 540 shares during the last quarter. Washington Trust Bank bought a new position in Carlisle Companies in the third quarter worth approximately $202,000. Finally, Radnor Capital Management LLC purchased a new position in shares of Carlisle Companies during the 3rd quarter worth $900,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.4 %

Shares of Carlisle Companies stock opened at $448.65 on Friday. Carlisle Companies Incorporated has a fifty-two week low of $260.73 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The company has a market capitalization of $20.34 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.39 and a beta of 0.91. The company has a fifty day moving average of $437.43 and a 200 day moving average of $419.45.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The business 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 business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $4.68 EPS. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.36 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.15%.

Analyst Ratings Changes

Several research firms have recently commented on CSL. Oppenheimer upped their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Robert W. Baird cut their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $475.00.

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.