Advisory Resource Group Has $4.76 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Advisory Resource Group lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.6% during the 3rd quarter, Holdings Channel reports. The firm owned 10,590 shares of the conglomerate’s stock after purchasing an additional 366 shares during the quarter. Advisory Resource Group’s holdings in Carlisle Companies were worth $4,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. TD Asset Management Inc increased its position in shares of Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after purchasing an additional 268,685 shares during the period. FMR LLC boosted its position in shares of Carlisle Companies by 29.6% during the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Carlisle Companies by 6,405.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after acquiring an additional 176,799 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in Carlisle Companies during the second quarter valued at approximately $65,041,000. Finally, Holocene Advisors LP lifted its stake in Carlisle Companies by 151.3% during the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after purchasing an additional 106,539 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction 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 transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

CSL stock opened at $425.56 on Wednesday. The firm has a market cap of $19.29 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $448.81 and a 200-day moving average price of $426.37. Carlisle Companies Incorporated has a 1-year low of $291.23 and a 1-year high of $481.26.

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 net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm earned $4.68 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid 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 0.94%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CSL. Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Robert W. Baird dropped their price target 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. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Oppenheimer upped their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Company 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.