Carlisle Companies Incorporated (NYSE:CSL) Shares Purchased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 7.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,237 shares of the conglomerate’s stock after purchasing an additional 83 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Carlisle Companies were worth $554,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Oppenheimer raised 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, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Trading Up 1.8 %

Shares of NYSE:CSL opened at $449.65 on Friday. The company has a market cap of $20.38 billion, a PE ratio of 15.91, a P/E/G ratio of 1.45 and a beta of 0.91. The company’s 50 day moving average is $446.26 and its two-hundred day moving average is $423.95. Carlisle Companies Incorporated has a 52 week low of $272.15 and a 52 week high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

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

Carlisle Companies Announces Dividend

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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is 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.