Apollon Wealth Management LLC Acquires 314 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Apollon Wealth Management LLC lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,405 shares of the conglomerate’s stock after acquiring an additional 314 shares during the period. Apollon Wealth Management LLC’s holdings in Carlisle Companies were worth $632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Carlisle Companies during the 3rd quarter worth approximately $25,000. ORG Partners LLC bought a new stake in Carlisle Companies during the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Carlisle Companies in the 2nd quarter valued at $32,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies during the 3rd quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Carlisle Companies during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.9 %

CSL opened at $445.34 on Friday. Carlisle Companies Incorporated has a twelve month low of $269.58 and a twelve month high of $481.26. The company’s 50-day moving average price is $442.46 and its two-hundred day moving average price is $422.50. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.49 and a beta of 0.91. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.68 EPS. As a group, equities analysts expect that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Analyst Ratings Changes

A number of research firms recently weighed in on CSL. Oppenheimer raised their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Truist Financial began coverage on Carlisle Companies in a report on Thursday. They issued a “hold” rating and a $460.00 target price for the company. Finally, Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target 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.