Carlisle Companies Incorporated $CSL Stock Purchased by Shayne & Jacobs LLC

Shayne & Jacobs LLC lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 32.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,525 shares of the conglomerate’s stock after buying an additional 2,105 shares during the period. Carlisle Companies comprises 0.8% of Shayne & Jacobs LLC’s holdings, making the stock its 24th largest position. Shayne & Jacobs LLC’s holdings in Carlisle Companies were worth $2,746,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc increased its position in shares of Carlisle Companies by 71.7% in the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 38 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Carlisle Companies during the second quarter worth about $33,000. Osterweis Capital Management Inc. bought a new stake in Carlisle Companies during the second quarter worth about $35,000. Signature Equity Partners LLC boosted its position in Carlisle Companies by 3,133.3% during the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new position in Carlisle Companies during the second quarter valued at approximately $33,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL opened at $340.12 on Thursday. The company has a market cap of $13.51 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. The firm has a 50-day moving average of $338.09 and a 200-day moving average of $346.97. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. Carlisle Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.27 EPS. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 21.18 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Carlisle Companies’s dividend payout ratio is 28.69%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CSL. Robert W. Baird decreased their price target on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. DA Davidson set a $355.00 price objective on Carlisle Companies in a research note on Friday, October 9th. Weiss Ratings upgraded Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Truist Financial decreased their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus target price of $394.50.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.