Carlisle Companies Incorporated $CSL Stock Acquired by Welch & Forbes LLC

Welch & Forbes LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,010 shares of the conglomerate’s stock after buying an additional 2,245 shares during the quarter. Welch & Forbes LLC’s holdings in Carlisle Companies were worth $46,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Boston Common Asset Management LLC raised its position in 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 buying an additional 30 shares during the period. Next Level Private LLC boosted its position in Carlisle Companies by 0.3% during the 2nd quarter. Next Level Private LLC now owns 12,303 shares of the conglomerate’s stock worth $4,463,000 after acquiring an additional 38 shares during the period. Versant Capital Management Inc boosted its position in Carlisle Companies by 71.7% during the 3rd quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 38 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Carlisle Companies by 1.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate’s stock valued at $925,000 after acquiring an additional 41 shares in the last quarter. Finally, Eastern Bank grew 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 acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $396.47 on Tuesday. The business’s 50-day moving average price is $340.10 and its two-hundred day moving average price is $353.41. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.40 and a quick ratio of 1.80. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a market capitalization of $15.32 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.78.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results 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. The company 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%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $5.61 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 21.11 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 18th will be given 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 is Wednesday, November 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.26%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings downgraded Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Robert W. Baird set a $410.00 price target on shares of Carlisle Companies in a report on Thursday, October 29th. Finally, DA Davidson set a $355.00 price objective on shares of 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, Carlisle Companies has a consensus rating of “Hold” and an average price target of $395.83.

Carlisle Companies 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.