Diversified Management Inc. Acquires New Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Diversified Management acquired 6,173 shares of Carlisle Companies during the third quarter, valued at approximately $1.99 million. Institutional investors collectively own 89.52% of the company.
• Analysts maintain a generally cautious outlook, with five Buy ratings and six Holds producing an average rating of Hold and a consensus price target of $402.43.
• Carlisle exceeded quarterly expectations with $7.03 in EPS and $1.57 billion in revenue, while revenue rose 8.3% year over year. The company also increased its quarterly dividend to $1.25 per share, or $5.00 annually.

Diversified Management Inc. bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,173 shares of the conglomerate's stock, valued at approximately $1,989,000.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Carlisle Companies by 21.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,826 shares of the conglomerate's stock valued at $910,000 after acquiring an additional 501 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Carlisle Companies by 6.1% in the third quarter. Farther Finance Advisors LLC now owns 1,771 shares of the conglomerate's stock worth $571,000 after purchasing an additional 102 shares during the last quarter. Canandaigua National Trust Co of Florida purchased a new stake in Carlisle Companies in the third quarter valued at approximately $654,000. Canandaigua National Bank & Trust Co. lifted its position in Carlisle Companies by 3.7% during the third quarter. Canandaigua National Bank & Trust Co. now owns 7,533 shares of the conglomerate's stock valued at $2,427,000 after purchasing an additional 270 shares during the last quarter. Finally, Kwmg LLC grew its stake in Carlisle Companies by 2.8% in the 3rd quarter. Kwmg LLC now owns 22,229 shares of the conglomerate's stock worth $7,162,000 after buying an additional 615 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CSL shares. Truist Financial reduced their target price 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. DA Davidson began coverage on Carlisle Companies in a report on Monday, August 24th. They set a "neutral" rating and a $410.00 price objective on the stock. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a report on Thursday, July 30th. Finally, Weiss Ratings cut shares of Carlisle Companies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, September 10th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $402.43.

Carlisle Companies Trading Up 0.9%

NYSE CSL opened at $321.06 on Friday. The stock has a market cap of $12.75 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The stock has a 50 day simple moving average of $347.20 and a two-hundred day simple moving average of $347.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating analysts' consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $6.27 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts forecast that Carlisle Companies Incorporated will post 21.27 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently announced 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. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, August 19th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Carlisle Companies's dividend payout ratio (DPR) is currently 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.

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