Captrust Financial Advisors Acquires 264 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Captrust Financial Advisors lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 4.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,111 shares of the conglomerate’s stock after buying an additional 264 shares during the quarter. Captrust Financial Advisors’ holdings in Carlisle Companies were worth $2,749,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies in the third quarter valued at about $25,000. ORG Partners LLC bought a new position in shares of Carlisle Companies in the second quarter valued at about $31,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies in the third quarter valued at about $32,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of Carlisle Companies in the second quarter valued at about $39,000. Finally, UMB Bank n.a. raised its holdings in shares of Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after buying an additional 92 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Activity

In other news, VP David W. Smith sold 275 shares of Carlisle Companies 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 in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $438.45 on Thursday. The firm has a market capitalization of $19.87 billion, a P/E ratio of 15.51, a PEG ratio of 1.49 and a beta of 0.92. Carlisle Companies Incorporated has a 1 year low of $286.60 and a 1 year high of $481.26. The business has a 50-day moving average of $449.88 and a 200-day moving average of $426.01. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.68 earnings per share. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Analyst Ratings Changes

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