JustInvest LLC Purchases Shares of 1,752 Carlisle Companies Incorporated (NYSE:CSL)

JustInvest LLC purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,752 shares of the conglomerate’s stock, valued at approximately $348,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ellevest Inc. boosted its holdings in Carlisle Companies by 15,000.0% during the third quarter. Ellevest Inc. now owns 151 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 150 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in Carlisle Companies by 115.6% during the third quarter. Deseret Mutual Benefit Administrators now owns 235 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 126 shares during the period. Fifth Third Bancorp boosted its holdings in Carlisle Companies by 11.0% during the third quarter. Fifth Third Bancorp now owns 506 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 50 shares during the period. Koshinski Asset Management Inc. bought a new stake in Carlisle Companies during the third quarter valued at about $202,000. Finally, Advisor Partners LLC bought a new stake in Carlisle Companies during the second quarter valued at about $206,000. Institutional investors own 93.82% of the company’s stock.

A number of research firms have issued reports on CSL. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $243.00 price target for the company in a report on Tuesday, October 26th. Robert W. Baird increased their target price on shares of Carlisle Companies from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, October 22nd. Oppenheimer increased their target price on shares of Carlisle Companies from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, December 8th. Jefferies Financial Group reiterated a “buy” rating on shares of Carlisle Companies in a research note on Friday, October 1st. Finally, Zelman & Associates assumed coverage on shares of Carlisle Companies in a research note on Monday, November 15th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $231.86.

Shares of CSL opened at $236.94 on Friday. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 1.22 and a beta of 1.09. The company has a quick ratio of 1.80, a current ratio of 2.45 and a debt-to-equity ratio of 1.15. Carlisle Companies Incorporated has a 12 month low of $143.52 and a 12 month high of $250.23. The company has a 50-day moving average price of $239.06 and a two-hundred day moving average price of $217.29.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 20th. The conglomerate reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.24. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Carlisle Companies had a net margin of 8.16% and a return on equity of 17.46%. During the same quarter last year, the company earned $1.94 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 9.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of record on Wednesday, November 17th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Tuesday, November 16th. Carlisle Companies’s dividend payout ratio is 30.86%.

About Carlisle Companies

Carlisle Cos., Inc engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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