Caprock Group LLC Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

Caprock Group LLC purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 790 shares of the conglomerate’s stock, valued at approximately $355,000.

A number of other hedge funds also recently made changes to their positions in CSL. TD Asset Management Inc increased its position in Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after purchasing an additional 268,685 shares during the period. Epoch Investment Partners Inc. bought a new position in Carlisle Companies during the second quarter worth $65,041,000. Swedbank AB acquired a new position in Carlisle Companies in the first quarter valued at $31,218,000. Shellback Capital LP boosted its position in shares of Carlisle Companies by 451.9% during the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after purchasing an additional 65,600 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in Carlisle Companies by 109.0% during the second quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock worth $49,999,000 after purchasing an additional 64,351 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSL has been the topic of a number of research analyst reports. Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Oppenheimer raised their target price on Carlisle Companies from $480.00 to $505.00 and gave the company 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 reduced 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. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Trading Up 1.8 %

CSL opened at $449.65 on Friday. Carlisle Companies Incorporated has a fifty-two week low of $272.15 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company’s 50-day moving average is $446.26 and its 200 day moving average is $423.95. The firm has a market capitalization of $20.38 billion, a PE ratio of 15.91, a P/E/G ratio of 1.45 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results 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). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $4.68 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts predict that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Insider Buying and Selling at Carlisle Companies

In other 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.