Aaron Wealth Advisors LLC Acquires Shares of 502 Carlisle Companies Incorporated (NYSE:CSL)

Aaron Wealth Advisors LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 502 shares of the conglomerate’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC bought a new position in Carlisle Companies during the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carlisle Companies during the second quarter worth about $32,000. ORG Wealth Partners LLC acquired a new position in Carlisle Companies during the third quarter worth about $32,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $39,000. Finally, Sound Income Strategies LLC raised its holdings in Carlisle Companies by 564.7% during the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after buying an additional 96 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CSL. Robert W. Baird lifted their target price on Carlisle Companies from $500.00 to $506.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $470.25.

Carlisle Companies Trading Down 0.3 %

Shares of NYSE CSL opened at $471.16 on Monday. The stock has a market cap of $22.43 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.52 and a beta of 0.91. The business has a 50 day simple moving average of $429.00 and a 200 day simple moving average of $414.22. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $481.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating the consensus estimate of $5.84 by $0.40. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.18 EPS. On average, research analysts predict that Carlisle Companies Incorporated will post 20.57 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.85%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Insiders Place Their Bets

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.