Caprock Group LLC Buys Shares of 790 Carlisle Companies Incorporated (NYSE:CSL)

Caprock Group LLC purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) during the third quarter, HoldingsChannel.com reports. The fund purchased 790 shares of the conglomerate’s stock, valued at approximately $355,000.

A number of other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Carlisle Companies in the 3rd quarter valued at $25,000. ORG Partners LLC purchased a new stake in shares of Carlisle Companies in the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carlisle Companies during the second quarter valued at $32,000. ORG Wealth Partners LLC purchased a new position in Carlisle Companies during the third quarter worth about $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies in the 2nd quarter worth about $39,000. 89.52% of the stock is currently owned by institutional investors.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Stock Up 1.8 %

Shares of CSL opened at $449.65 on Friday. Carlisle Companies Incorporated has a 1 year low of $272.15 and a 1 year 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 stock has a 50 day simple moving average of $446.26 and a two-hundred day simple moving average of $423.95. The firm has a market cap of $20.38 billion, a P/E 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 earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $4.68 EPS. On average, analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSL. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Robert W. Baird lowered 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. Finally, Oppenheimer lifted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $472.00.

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.