2,206 Shares in Carlisle Companies Incorporated (NYSE:CSL) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the third quarter, HoldingsChannel reports. The fund bought 2,206 shares of the conglomerate’s stock, valued at approximately $992,000.

Several other hedge funds also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies during the 3rd quarter worth about $25,000. ORG Partners LLC purchased a new stake in shares of Carlisle Companies during the second quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Carlisle Companies in the second quarter valued at approximately $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies during the third quarter valued at approximately $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in Carlisle Companies during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the topic of several analyst reports. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer lifted their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird reduced their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and an average price target of $475.00.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $454.89 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The firm’s fifty day moving average price is $440.64 and its 200 day moving average price is $421.72. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. Carlisle Companies Incorporated has a 12-month low of $269.58 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted $4.68 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts forecast that Carlisle Companies Incorporated will post 20.36 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is currently 14.15%.

Carlisle Companies 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.