8,355 Carlisle Companies Incorporated $CSL Shares Bought by Waycross Partners LLC

Key Points

• Waycross Partners increased its Carlisle Companies stake by 12.2% in the third quarter, buying 8,355 shares and bringing its holding to 76,992 shares, valued at about $24.8 million.
• Carlisle reported quarterly EPS of $5.92, topping the $5.89 estimate, while revenue of $1.46 billion exceeded expectations and grew 8.6% year over year.
• Analysts give the stock a consensus “Moderate Buy” rating with an average price target of $395.83. Carlisle also declared a quarterly dividend of $1.25 per share, or $5.00 annualized.

Waycross Partners LLC boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 12.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,992 shares of the conglomerate's stock after purchasing an additional 8,355 shares during the quarter. Carlisle Companies comprises 1.9% of Waycross Partners LLC's holdings, making the stock its 24th largest holding. Waycross Partners LLC owned 0.19% of Carlisle Companies worth $24,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Carlisle Companies during the 2nd quarter valued at about $1,499,602,000. Bank of New York Mellon Corp acquired a new stake in Carlisle Companies in the second quarter worth about $405,245,000. Madison Asset Management LLC acquired a new stake in Carlisle Companies in the second quarter worth about $152,865,000. Bank of America Corp DE acquired a new stake in Carlisle Companies in the second quarter worth about $93,493,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Carlisle Companies during the second quarter worth about $90,431,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

CSL has been the topic of several recent analyst reports. Robert W. Baird set a $410.00 price objective on shares of Carlisle Companies in a report on Thursday, October 29th. Weiss Ratings upgraded shares of Carlisle Companies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 23rd. Finally, DA Davidson set a $355.00 target price on shares of Carlisle Companies in a research report on Friday, October 9th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $395.83.

Carlisle Companies Stock Performance

NYSE CSL traded down $3.33 on Friday, reaching $375.63. 274,490 shares of the company's stock traded hands, compared to its average volume of 424,233. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.80 and a current ratio of 2.40. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.24 and a beta of 0.78. The stock has a 50 day moving average price of $339.30 and a 200-day moving average price of $353.22.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.89 by $0.03. The firm had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.42 billion. Carlisle Companies had a net margin of 13.78% and a return on equity of 51.25%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $5.61 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 21.11 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 18th will be given 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 is 28.26%.

About Carlisle Companies

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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