Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases 34,280 Shares of Carlisle Companies Incorporated $CSL

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 19.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 212,610 shares of the conglomerate’s stock after buying an additional 34,280 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Carlisle Companies were worth $68,497,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Carlisle Companies by 71.7% during the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock worth $29,000 after buying an additional 38 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $33,000. Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $35,000. Signature Equity Partners LLC boosted its holdings in shares of Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 94 shares in the last quarter. Finally, Allied Private Wealth LLC bought a new stake in Carlisle Companies during the 2nd quarter worth approximately $33,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Up 0.0%

Shares of NYSE CSL opened at $345.11 on Monday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91. The firm’s 50-day simple moving average is $337.14 and its 200 day simple moving average is $347.22. 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 $13.70 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.09 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $6.27 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, August 19th. Carlisle Companies’s payout ratio is currently 28.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CSL shares. Truist Financial dropped their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. DA Davidson set a $355.00 price objective on Carlisle Companies in a research report on Friday, October 9th. Weiss Ratings raised Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Robert W. Baird reduced their price objective on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 13th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $394.50.

About Carlisle Companies

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.