274 Shares in Carlisle Companies Incorporated (NYSE:CSL) Purchased by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 274 shares of the conglomerate’s stock, valued at approximately $123,000.

Several other hedge funds have also recently bought and sold shares of CSL. Capital Performance Advisors LLP acquired a new position in Carlisle Companies during the 3rd quarter worth about $25,000. ORG Partners LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $32,000. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies in the 3rd quarter valued at about $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $457.73 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a fifty-two week low of $272.15 and a fifty-two week high of $481.26. The firm has a market capitalization of $20.75 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. The stock’s 50-day simple moving average is $448.11 and its 200-day simple moving average is $424.74.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share 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 for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $4.68 EPS. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend 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 is presently 14.15%.

Insider Buying and Selling

In related news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction that occurred 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 owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company 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.