Carlisle Companies Incorporated $CSL Stock Purchased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors increased its Carlisle Companies stake by 19.2% in the third quarter, bringing its holdings to 212,610 shares valued at approximately $68.5 million. Institutional investors collectively own 89.52% of the company.
• Carlisle reported quarterly EPS of $7.03, exceeding estimates by $0.68, while revenue rose 8.3% year over year to $1.57 billion. The company also raised its quarterly dividend to $1.25 per share, or $5.00 annually.
• CSL shares opened at $345.11, below the analyst consensus price target of $394.50. Analysts’ overall rating is “Moderate Buy,” with five Buy ratings and four Hold ratings.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 19.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,610 shares of the conglomerate's stock after acquiring an additional 34,280 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.54% of Carlisle Companies worth $68,497,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its position in Carlisle Companies by 152.4% in the third quarter. Signaturefd LLC now owns 747 shares of the conglomerate's stock worth $241,000 after purchasing an additional 451 shares during the period. Citizens Financial Group Inc. RI increased its holdings in Carlisle Companies by 39.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,240 shares of the conglomerate's stock valued at $400,000 after buying an additional 352 shares during the period. Compass Wealth Management LLC increased its holdings in Carlisle Companies by 520.4% in the 3rd quarter. Compass Wealth Management LLC now owns 12,680 shares of the conglomerate's stock valued at $4,085,000 after buying an additional 10,636 shares during the period. Root Financial Partners LLC bought a new stake in Carlisle Companies in the 3rd quarter valued at $60,000. Finally, Shayne & Jacobs LLC raised its stake in shares of Carlisle Companies by 32.8% in the 3rd quarter. Shayne & Jacobs LLC now owns 8,525 shares of the conglomerate's stock valued at $2,746,000 after buying an additional 2,105 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Trading Up 0.0%

Shares of CSL opened at $345.11 on Monday. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a market cap of $13.70 billion, a PE ratio of 19.80, a PEG ratio of 1.09 and a beta of 0.84. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $432.91. The stock has a 50 day simple moving average of $337.14 and a 200-day simple moving average of $347.22.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $6.27 EPS. Carlisle Companies's quarterly revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This is a boost from Carlisle Companies's previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies's dividend payout ratio (DPR) is 28.69%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Carlisle Companies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Truist Financial decreased their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating on the stock in a research report on Tuesday, July 7th. DA Davidson set a $355.00 target price on shares of Carlisle Companies in a research note on Friday, October 9th. Finally, Robert W. Baird lowered their target price on shares of Carlisle Companies from $412.00 to $402.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 13th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $394.50.

Carlisle Companies Company 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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