Carlisle Companies Incorporated $CSL Stock: Welch & Forbes LLC Raises Holdings

Welch & Forbes LLC boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,010 shares of the conglomerate’s stock after acquiring an additional 2,245 shares during the quarter. Welch & Forbes LLC owned 0.38% of Carlisle Companies worth $46,718,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CSL. Boston Common Asset Management LLC raised its stake in shares of Carlisle Companies by 0.6% during the first quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock valued at $1,731,000 after purchasing an additional 30 shares in the last quarter. Next Level Private LLC grew its position in Carlisle Companies by 0.3% in the 2nd quarter. Next Level Private LLC now owns 12,303 shares of the conglomerate’s stock valued at $4,463,000 after buying an additional 38 shares in the last quarter. Versant Capital Management Inc grew its position in Carlisle Companies by 71.7% in the 3rd quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Carlisle Companies by 1.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate’s stock valued at $925,000 after buying an additional 41 shares in the last quarter. Finally, Eastern Bank increased its stake in Carlisle Companies by 3.2% during the 3rd quarter. Eastern Bank now owns 1,341 shares of the conglomerate’s stock valued at $432,000 after buying an additional 41 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Robert W. Baird set a $410.00 price objective on shares of Carlisle Companies in a report on Thursday, October 29th. Weiss Ratings cut Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Finally, DA Davidson set a $355.00 target price on Carlisle Companies in a research report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $395.83.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $396.47 on Tuesday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 2.01. The stock has a market cap of $15.32 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.78. The company’s 50-day moving average price is $340.10 and its two-hundred day moving average price is $353.41.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, beating the consensus estimate of $5.89 by $0.03. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. Carlisle Companies’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.61 earnings per share. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.11 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 28.26%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally.

Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

Founded in 1917, Carlisle has evolved from its origins in the tire and rubber business into a building-products company.