Brooklyn Investment Group Buys Shares of 274 Carlisle Companies Incorporated (NYSE:CSL)

Brooklyn Investment Group bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the 3rd quarter, Holdings Channel reports. The firm bought 274 shares of the conglomerate’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CSL. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $25,000. ORG Partners LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter valued at approximately $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter valued at approximately $39,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, 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 link. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer raised their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird reduced their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company 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 stock. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $457.73 on Thursday. The stock has a fifty day moving average price of $448.11 and a 200 day moving average price of $424.74. The stock has a market cap of $20.75 billion, a PE ratio of 16.20, a P/E/G ratio of 1.55 and a beta of 0.91. 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 quick ratio of 2.29 and a current ratio of 2.72.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates 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 for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.68 earnings per share. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal 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 issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.87%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

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.