Centric Wealth Management Takes $2.71 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Centric Wealth Management purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,008 shares of the conglomerate’s stock, valued at approximately $2,708,000.

A number of other large investors also recently bought and sold shares of the business. Silver Lake Advisory LLC purchased a new position in Carlisle Companies during the second quarter valued at approximately $608,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Carlisle Companies by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock worth $17,391,000 after purchasing an additional 1,429 shares during the last quarter. Driehaus Capital Management LLC boosted its position in Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock valued at $22,971,000 after purchasing an additional 17,472 shares in the last quarter. Cetera Investment Advisers grew its stake in Carlisle Companies by 188.0% in the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock valued at $3,235,000 after purchasing an additional 5,389 shares during the last quarter. Finally, KBC Group NV raised its holdings in Carlisle Companies by 34.9% in the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after purchasing an additional 2,752 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CSL shares. 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 started coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Robert W. Baird decreased their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Oppenheimer increased their price target 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $472.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $457.59 on Friday. The company’s fifty day moving average price is $448.75 and its 200 day moving average price is $424.97. The company has a market capitalization of $20.74 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.51 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 results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm posted $4.68 EPS. Carlisle Companies’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts predict that Carlisle Companies Incorporated will post 20.25 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.87%. Carlisle Companies’s payout ratio is currently 14.15%.

Insider Buying and Selling

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred 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 transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

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.