Centric Wealth Management Buys New Stake in Carlisle Companies Incorporated (NYSE:CSL)

Centric Wealth Management purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,008 shares of the conglomerate’s stock, valued at approximately $2,708,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CSL. 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 shares of Carlisle Companies during the 2nd quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Carlisle Companies during the second quarter worth $32,000. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies in the third quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Carlisle Companies during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $457.59 on Friday. The company has a market cap of $20.74 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. Carlisle Companies Incorporated has a one year low of $272.15 and a one year high of $481.26. The business has a fifty day moving average of $448.75 and a two-hundred day moving average of $424.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results 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 analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $4.68 EPS. Carlisle Companies’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal 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. This represents a $4.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is currently 14.15%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSL. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer increased their target price on shares of 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 dropped their price target on 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, Truist Financial began coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

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.