Sen. Shelley Moore Capito Purchases Shares of Carlisle Companies Incorporated (NYSE:CSL)

Senator Shelley Moore Capito (R-West Virginia) recently bought shares of Carlisle Companies Incorporated (NYSE:CSL). In a filing disclosed on November 12th, the Senator disclosed that they had bought between $1,001 and $15,000 in Carlisle Companies stock on October 8th.

Senator Shelley Moore Capito also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 9/25/2024.
• Sold $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 9/20/2024.
• Sold $1,001 – $15,000 in shares of NIKE (NYSE:NKE) on 9/20/2024.
• Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 9/20/2024.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/20/2024.
• Sold $1,001 – $15,000 in shares of W.W. Grainger (NYSE:GWW) on 9/20/2024.
• Purchased $1,001 – $15,000 in shares of NIKE (NYSE:NKE) on 8/28/2024.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 8/27/2024.
• Sold $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 8/22/2024.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $454.89 on Thursday. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. The company has a 50-day moving average price of $440.64 and a 200-day moving average price of $421.72. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 12 month low of $269.58 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company earned $4.68 earnings per share. Carlisle Companies’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of CSL. TD Asset Management Inc increased its stake in shares of Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after buying an additional 268,685 shares during the period. FMR LLC increased its stake in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after buying an additional 218,002 shares during the period. Epoch Investment Partners Inc. purchased a new position in shares of Carlisle Companies during the second quarter valued at $65,041,000. Swedbank AB purchased a new position in shares of Carlisle Companies during the first quarter valued at $31,218,000. Finally, Shellback Capital LP increased its stake in shares of Carlisle Companies by 451.9% during the second quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after buying an additional 65,600 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CSL shares. Robert W. Baird decreased their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Oppenheimer increased their target price on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $475.00.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state’s history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor’s degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women’s Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

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.