709 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 709 shares of the conglomerate’s stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. TD Asset Management Inc increased its holdings in 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 in the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $65,041,000. Swedbank AB bought a new stake in shares of Carlisle Companies in the 1st quarter valued at $31,218,000. Shellback Capital LP increased its stake in shares of Carlisle Companies by 451.9% in the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after acquiring an additional 65,600 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Carlisle Companies by 109.0% during the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock valued at $49,999,000 after acquiring an additional 64,351 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 0.5 %

Carlisle Companies stock opened at $452.86 on Wednesday. The firm has a market capitalization of $20.53 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.48 and a beta of 0.91. The firm has a 50 day simple moving average of $439.59 and a 200 day simple moving average of $421.49. Carlisle Companies Incorporated has a 1-year low of $267.40 and a 1-year high of $481.26. 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 (NYSE:CSL) last posted its 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). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $4.68 EPS. On average, analysts predict that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.88%. Carlisle Companies’s payout ratio is 14.15%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CSL. Robert W. Baird cut their price objective 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 raised 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. Finally, StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $475.00.

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.