8,013 Carlisle Companies Incorporated $CSL Shares Purchased by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 38.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,787 shares of the conglomerate’s stock after buying an additional 8,013 shares during the period. Kinsale Capital Group Inc.’s holdings in Carlisle Companies were worth $9,274,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Carlisle Companies in the 2nd quarter worth approximately $1,499,602,000. Bank of New York Mellon Corp purchased a new position in Carlisle Companies during the second quarter valued at approximately $405,245,000. Madison Asset Management LLC purchased a new position in Carlisle Companies during the second quarter valued at approximately $152,865,000. Bank of America Corp DE purchased a new position in Carlisle Companies during the second quarter valued at approximately $93,493,000. Finally, Jupiter Topco LLC bought a new position in shares of Carlisle Companies in the second quarter worth approximately $90,431,000. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Carlisle Companies Stock Performance

NYSE CSL opened at $396.47 on Tuesday. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.78. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 2.01. The business has a 50-day moving average price of $340.10 and a 200-day moving average price of $353.41. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91.

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

Carlisle Companies Dividend Announcement

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

About Carlisle Companies

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.