Aaron Wealth Advisors LLC Invests $226,000 in Carlisle Companies Incorporated (NYSE:CSL)

Aaron Wealth Advisors LLC purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 502 shares of the conglomerate’s stock, valued at approximately $226,000.

A number of other large investors also recently modified their holdings of CSL. Wellington Management Group LLP lifted its holdings in shares of Carlisle Companies by 1,074.0% during the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after buying an additional 139,054 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Carlisle Companies during the first quarter worth approximately $228,000. Annex Advisory Services LLC acquired a new position in shares of Carlisle Companies during the first quarter worth approximately $224,000. Sound Income Strategies LLC raised its stake in shares of Carlisle Companies by 564.7% in the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock valued at $44,000 after purchasing an additional 96 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Carlisle Companies by 1.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock valued at $1,511,000 after purchasing an additional 43 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $471.16 on Monday. The business’s fifty day moving average price is $429.00 and its two-hundred day moving average price is $414.22. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $481.26. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50.

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

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a $1.00 dividend. 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. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is 23.19%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSL. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird upped 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. Finally, Oppenheimer restated an “outperform” rating and issued a $480.00 target price (up from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $470.25.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP David W. Smith sold 600 shares of the stock in a transaction 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 sale, the vice president now owns 2,834 shares in the company, valued at approximately $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 accessible through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction 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 owns 35,641 shares in the company, 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 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.