Prime Capital Investment Advisors LLC Buys New Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Prime Capital Investment Advisors LLC bought a new stake 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 Securities and Exchange Commission. The firm bought 472 shares of the conglomerate’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in Carlisle Companies by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after purchasing an additional 4,692 shares during the period. Silver Lake Advisory LLC purchased a new position in Carlisle Companies during the 2nd quarter valued at approximately $608,000. Price T Rowe Associates Inc. MD grew its holdings in Carlisle Companies by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after buying an additional 1,429 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in Carlisle Companies by 44.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock valued at $22,971,000 after buying an additional 17,472 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Carlisle Companies by 188.0% during the 1st quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock valued at $3,235,000 after buying an additional 5,389 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $445.34 on Monday. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock has a 50 day moving average price of $442.46 and a 200-day moving average price of $422.76. Carlisle Companies Incorporated has a one year low of $269.58 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last issued 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 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 the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $4.68 earnings per share. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. Equities analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

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 paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CSL shares. Oppenheimer raised their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Truist Financial started coverage on Carlisle Companies in a report on Thursday. They set a “hold” rating and a $460.00 price target for the company. Robert W. Baird cut their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus price target of $472.00.

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.