Impact Partnership Wealth LLC Makes New Investment in Carlisle Companies Incorporated $CSL

Impact Partnership Wealth LLC purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,640 shares of the conglomerate’s stock, valued at approximately $540,000.

A number of other hedge funds also recently made changes to their positions in CSL. Boston Common Asset Management LLC raised its holdings in shares of Carlisle Companies by 9.4% during the 2nd quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock valued at $5,210,000 after buying an additional 1,202 shares during the period. EFG Asset Management North America Corp. boosted its holdings in Carlisle Companies by 11.3% in the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after acquiring an additional 885 shares during the period. Sierra Legacy Group acquired a new stake in Carlisle Companies in the second quarter valued at approximately $764,000. Legal & General Group Plc raised its stake in shares of Carlisle Companies by 4.9% during the second quarter. Legal & General Group Plc now owns 162,884 shares of the conglomerate’s stock valued at $60,821,000 after purchasing an additional 7,569 shares during the period. Finally, Andra AP fonden lifted its position in shares of Carlisle Companies by 1,207.7% during the second quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock worth $10,249,000 after purchasing an additional 25,350 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Oppenheimer dropped their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. The Goldman Sachs Group cut their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. William Blair started coverage on Carlisle Companies in a research note on Friday. They set a “market perform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, Vertical Research began coverage on Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $340.79 on Friday. The firm’s 50 day moving average is $334.78 and its two-hundred day moving average is $348.49. The firm has a market capitalization of $14.24 billion, a P/E ratio of 19.33, a PEG ratio of 1.07 and a beta of 0.95. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $5.78 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 24.96%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.