8,013 Carlisle Companies Incorporated $CSL Shares Purchased by Kinsale Capital Group Inc.

Key Points

• Kinsale Capital increased its Carlisle Companies stake by 38.6%, buying 8,013 shares in the third quarter to hold 28,787 shares valued at about $9.27 million. Institutional investors collectively own 89.52% of the stock.
• Carlisle’s latest quarterly results beat estimates: earnings were $5.92 per share versus $5.89 expected, while revenue of $1.46 billion exceeded forecasts and rose 8.6% year over year.
• The company declared a quarterly dividend of $1.25 per share, equivalent to a 1.3% yield. Analysts’ consensus rating is Hold, with an average price target of $395.83.

Kinsale Capital Group Inc. increased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 38.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,787 shares of the conglomerate's stock after acquiring an additional 8,013 shares during the quarter. Kinsale Capital Group Inc. owned about 0.07% of Carlisle Companies worth $9,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CSL. Boston Common Asset Management LLC boosted its position in shares of Carlisle Companies by 0.6% in the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate's stock worth $1,731,000 after purchasing an additional 30 shares in the last quarter. Next Level Private LLC raised its stake in Carlisle Companies by 0.3% during the second quarter. Next Level Private LLC now owns 12,303 shares of the conglomerate's stock valued at $4,463,000 after buying an additional 38 shares during the last quarter. Versant Capital Management Inc raised its stake in Carlisle Companies by 71.7% during the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate's stock valued at $29,000 after buying an additional 38 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Carlisle Companies by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate's stock worth $925,000 after acquiring an additional 41 shares in the last quarter. Finally, Eastern Bank boosted its holdings in Carlisle Companies by 3.2% in the third quarter. Eastern Bank now owns 1,341 shares of the conglomerate's stock worth $432,000 after acquiring an additional 41 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 5.5%

Shares of CSL stock opened at $396.47 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 2.01. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91. The stock has a market capitalization of $15.32 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.26 and a beta of 0.78. The firm's 50 day moving average is $340.10 and its 200 day moving average is $353.41.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share for the quarter, beating analysts' consensus estimates of $5.89 by $0.03. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company earned $5.61 earnings per share. Carlisle Companies's revenue was up 8.6% on a year-over-year basis. Research analysts expect that Carlisle Companies Incorporated will post 21.11 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 18th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 18th. Carlisle Companies's dividend payout ratio (DPR) is currently 28.26%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Robert W. Baird set a $410.00 target price on Carlisle Companies in a research note on Thursday, October 29th. DA Davidson set a $355.00 target price on shares of Carlisle Companies in a report on Friday, October 9th. Finally, Weiss Ratings downgraded shares of Carlisle Companies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, November 4th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $395.83.

About Carlisle Companies

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally.

Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

Founded in 1917, Carlisle has evolved from its origins in the tire and rubber business into a building-products company.

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