Appian Way Asset Management LP Buys Shares of 10,387 Carlisle Companies Incorporated (NYSE:CSL)

Appian Way Asset Management LP acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,387 shares of the conglomerate’s stock, valued at approximately $4,672,000. Carlisle Companies comprises about 1.1% of Appian Way Asset Management LP’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds also recently made changes to their positions in CSL. TD Asset Management Inc lifted its position in Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after buying an additional 268,685 shares during the last quarter. FMR LLC raised its position in Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after purchasing an additional 218,002 shares during the period. Epoch Investment Partners Inc. bought a new stake in Carlisle Companies in the second quarter worth $65,041,000. Shellback Capital LP grew its stake in shares of Carlisle Companies by 451.9% during the second quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after buying an additional 65,600 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Carlisle Companies by 109.0% in the second quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock worth $49,999,000 after buying an additional 64,351 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CSL shares. Oppenheimer lifted their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Trading Down 0.0 %

NYSE CSL opened at $457.58 on Friday. The stock’s 50 day moving average is $449.13 and its 200 day moving average is $425.19. Carlisle Companies Incorporated has a twelve month low of $272.20 and a twelve month high of $481.26. The firm has a market capitalization of $20.74 billion, a PE ratio of 16.19, a P/E/G ratio of 1.51 and a beta of 0.91. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last posted 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). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business earned $4.68 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.87%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Insider Buying and Selling

In other news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

About Carlisle Companies

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.