Inscription Capital LLC Buys New Position in Carlisle Companies Incorporated (NYSE:CSL)

Inscription Capital LLC purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, HoldingsChannel reports. The firm purchased 486 shares of the conglomerate’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also made changes to their positions in CSL. ORG Partners LLC bought a new position in Carlisle Companies during the 2nd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Carlisle Companies during the second quarter valued at about $32,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies during the third quarter valued at about $32,000. Gilliland Jeter Wealth Management LLC acquired a new position in Carlisle Companies during the second quarter worth about $39,000. Finally, UMB Bank n.a. raised its position in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after acquiring an additional 92 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

NYSE CSL opened at $421.02 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 1 year low of $248.81 and a 1 year high of $481.26. The company has a market cap of $20.04 billion, a PE ratio of 24.41, a PEG ratio of 1.52 and a beta of 0.91. The stock’s 50-day moving average price is $434.81 and its two-hundred day moving average price is $416.76.

Carlisle Companies (NYSE:CSL) last released 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 27.88% and a return on equity of 31.65%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $4.68 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Carlisle Companies Incorporated will post 20.57 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a $1.00 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CSL shares. Robert W. Baird reduced their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday. Oppenheimer raised their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $475.00.

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.