6,797 Shares of Carlisle Companies Incorporated $CSL Purchased by Grandfield & Dodd LLC

Key Points

• Grandfield & Dodd LLC acquired 6,797 shares of Carlisle Companies worth approximately $2.19 million in the third quarter. Institutional investors own 89.52% of the company.
• Carlisle reported quarterly earnings of $5.92 per share, surpassing estimates by $0.03, while revenue rose 8.6% year over year to $1.46 billion.
• The company increased its quarterly dividend to $1.25 per share, or $5.00 annualized, representing a 1.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $395.83.

Grandfield & Dodd LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,797 shares of the conglomerate's stock, valued at approximately $2,190,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of Carlisle Companies in the 3rd quarter worth about $196,000. Glenview Trust Co boosted its stake in Carlisle Companies by 8.3% during the 3rd quarter. Glenview Trust Co now owns 53,927 shares of the conglomerate's stock worth $17,374,000 after acquiring an additional 4,143 shares during the last quarter. BOKF NA increased its holdings in shares of Carlisle Companies by 4.1% in the third quarter. BOKF NA now owns 5,357 shares of the conglomerate's stock worth $1,726,000 after acquiring an additional 209 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Carlisle Companies by 3.1% during the third quarter. Oppenheimer & Co. Inc. now owns 18,654 shares of the conglomerate's stock worth $6,010,000 after acquiring an additional 566 shares during the period. Finally, Peterson Wealth Services bought a new stake in Carlisle Companies in the 3rd quarter valued at approximately $275,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $375.21 on Friday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The company's 50 day moving average price is $337.02 and its two-hundred day moving average price is $352.53. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The stock has a market cap of $14.90 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.19 and a beta of 0.84.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, beating the consensus estimate of $5.89 by $0.03. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. Carlisle Companies had a return on equity of 49.35% and a net margin of 13.78%. Carlisle Companies's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.61 earnings per share. On average, equities analysts predict that Carlisle Companies Incorporated will post 21.14 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed 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. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies's payout ratio is currently 28.26%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSL. Truist Financial dropped their price objective on Carlisle Companies from $360.00 to $340.00 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Carlisle Companies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. DA Davidson set a $355.00 target price on Carlisle Companies in a report on Friday, October 9th. Finally, Robert W. Baird set a $410.00 target price on Carlisle Companies in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $395.83.

Carlisle Companies 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.

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