Quest Partners LLC Has $2.09 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Quest Partners LLC boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 624.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,646 shares of the conglomerate’s stock after buying an additional 4,005 shares during the quarter. Quest Partners LLC’s holdings in Carlisle Companies were worth $2,090,000 at the end of the most recent quarter.

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

Carlisle Companies Price Performance

Carlisle Companies stock opened at $439.11 on Tuesday. The stock has a market cap of $19.90 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.46 and a beta of 0.91. Carlisle Companies Incorporated has a 12-month low of $269.58 and a 12-month high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The business’s 50-day simple moving average is $443.34 and its 200 day simple moving average is $423.07.

Carlisle Companies (NYSE:CSL) last issued its earnings results 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 business had revenue of $1.33 billion during 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%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $4.68 EPS. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CSL shares. Robert W. Baird decreased their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. 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 for the company. Oppenheimer lifted 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, StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.