Welch & Forbes LLC Has $46.29 Million Stake in Carlisle Companies Incorporated $CSL

Welch & Forbes LLC boosted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,717 shares of the conglomerate’s stock after acquiring an additional 4,187 shares during the quarter. Welch & Forbes LLC’s holdings in Carlisle Companies were worth $46,290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GFG Capital LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $25,000. Hemington Wealth Management grew its holdings in Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 26 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Carlisle Companies during the second quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Carlisle Companies in the second quarter valued at approximately $25,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Carlisle Companies by 527.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $340.79 on Friday. The firm has a 50-day moving average price of $334.78 and a two-hundred day moving average price of $348.49. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The company has a market capitalization of $14.24 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.07 and a beta of 0.95. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45.

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

Carlisle Companies Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on CSL. William Blair assumed coverage on Carlisle Companies in a report on Friday. They set a “market perform” rating on the stock. Robert W. Baird reduced their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Oppenheimer decreased their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Carlisle Companies has an average rating of “Hold” and an average price target of $386.67.

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.