Carlisle Companies Incorporated $CSL Stock Acquired by Compass Wealth Management LLC

Compass Wealth Management LLC boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 520.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,680 shares of the conglomerate’s stock after purchasing an additional 10,636 shares during the quarter. Compass Wealth Management LLC’s holdings in Carlisle Companies were worth $4,085,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC increased its position in Carlisle Companies by 1.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after buying an additional 29 shares during the period. Boston Common Asset Management LLC lifted its holdings in shares of Carlisle Companies by 0.6% during the first quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after buying an additional 30 shares during the last quarter. Next Level Private LLC lifted its holdings in shares of Carlisle Companies by 0.3% during the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock worth $4,092,000 after buying an additional 33 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Carlisle Companies by 71.7% in the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 38 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Carlisle Companies by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate’s stock valued at $925,000 after acquiring an additional 41 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CSL shares. DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a research note on Friday, October 9th. Truist Financial cut their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Robert W. Baird reduced their price target on shares of Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $394.50.

Carlisle Companies Stock Up 3.9%

CSL stock opened at $353.28 on Friday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91. 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 company has a market cap of $14.03 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. The business’s 50-day simple moving average is $337.64 and its 200 day simple moving average is $347.13.

Carlisle Companies (NYSE:CSL) last posted 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. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.27 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 21.18 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. 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. Carlisle Companies’s payout ratio is 28.69%.

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.