6,797 Shares of Carlisle Companies Incorporated $CSL Acquired by Grandfield & Dodd LLC

Grandfield & Dodd LLC purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,797 shares of the conglomerate’s stock, valued at approximately $2,190,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CSL. Versant Capital Management Inc grew its holdings in Carlisle Companies by 71.7% in the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 38 shares during the period. Signature Equity Partners LLC increased its stake in shares of Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 94 shares in the last quarter. Allied Private Wealth LLC bought a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $33,000. Jones Financial Companies Lllp purchased a new stake in shares of Carlisle Companies in the second quarter worth $33,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies during the second quarter worth about $35,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSL has been the subject of a number of research reports. DA Davidson set a $355.00 target price on Carlisle Companies in a research report on Friday, October 9th. Weiss Ratings raised Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Robert W. Baird set a $410.00 price target on Carlisle Companies in a report on Thursday. Finally, Truist Financial cut their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.83.

Carlisle Companies Stock Up 1.0%

NYSE CSL opened at $375.21 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The business has a fifty day moving average price of $337.02 and a 200 day moving average price of $352.53. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a market cap of $14.90 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.19 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share for the quarter, topping analysts’ consensus estimates of $5.89 by $0.03. Carlisle Companies had a return on equity of 49.35% and a net margin of 13.78%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $5.61 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts anticipate that Carlisle Companies Incorporated will post 21.14 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio is currently 28.26%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.