Victory Capital Management Inc. Acquires 35,594 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Victory Capital Management Inc. boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 59.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,968 shares of the conglomerate’s stock after buying an additional 35,594 shares during the quarter. Victory Capital Management Inc. owned approximately 0.21% of Carlisle Companies worth $42,712,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Aptus Capital Advisors LLC boosted its holdings in Carlisle Companies by 105.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,737 shares of the conglomerate’s stock worth $781,000 after buying an additional 892 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in Carlisle Companies during the third quarter valued at $212,000. Entropy Technologies LP bought a new stake in Carlisle Companies during the third quarter valued at $992,000. Apollon Wealth Management LLC boosted its stake in Carlisle Companies by 28.8% during the third quarter. Apollon Wealth Management LLC now owns 1,405 shares of the conglomerate’s stock valued at $632,000 after buying an additional 314 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Carlisle Companies by 58.9% during the third quarter. Venturi Wealth Management LLC now owns 1,303 shares of the conglomerate’s stock worth $586,000 after purchasing an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CSL. Truist Financial began coverage on Carlisle Companies in a research note on Thursday. They set a “hold” rating and a $460.00 price target for the company. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird decreased their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer lifted their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $472.00.

Carlisle Companies Stock Down 1.0 %

CSL opened at $445.24 on Friday. Carlisle Companies Incorporated has a 12 month low of $269.58 and a 12 month high of $481.26. The company has a market cap of $20.18 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.49 and a beta of 0.91. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $442.46 and its 200-day moving average price is $422.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) 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 business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $4.68 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts expect that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued 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 0.90%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Carlisle Companies Company Profile

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.