Private Advisor Group LLC Boosts Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Private Advisor Group LLC boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 24.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 823 shares of the conglomerate’s stock after purchasing an additional 160 shares during the period. Private Advisor Group LLC’s holdings in Carlisle Companies were worth $370,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Truist Financial Corp raised its stake in shares of Carlisle Companies by 0.8% in the second quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock valued at $135,438,000 after buying an additional 2,545 shares during the period. TD Asset Management Inc raised its stake in shares of Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after buying an additional 268,685 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Carlisle Companies by 2.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after purchasing an additional 6,613 shares during the period. Zurich Insurance Group Ltd FI lifted its holdings in Carlisle Companies by 1.9% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock worth $77,694,000 after purchasing an additional 3,504 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Carlisle Companies by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock worth $71,375,000 after purchasing an additional 4,017 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer increased their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research 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 on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average target price of $475.00.

Carlisle Companies Price Performance

Shares of CSL stock opened at $435.12 on Wednesday. The firm has a market cap of $19.72 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.38 and a beta of 0.91. Carlisle Companies Incorporated has a fifty-two week low of $260.73 and a fifty-two week high of $481.26. The business’s 50 day moving average price is $435.67 and its 200-day moving average price is $418.55. 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 for the quarter, missing analysts’ consensus estimates 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 return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.68 earnings per share. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

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.