3,500 Carlisle Companies Incorporated $CSL Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 80.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 847 shares of the conglomerate’s stock after selling 3,500 shares during the period. Park Avenue Securities LLC’s holdings in Carlisle Companies were worth $273,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Carlisle Companies in the 2nd quarter worth approximately $1,499,602,000. Bank of New York Mellon Corp acquired a new position in shares of Carlisle Companies during the second quarter valued at $405,245,000. Bessemer Group Inc. raised its stake in shares of Carlisle Companies by 3.0% during the first quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock valued at $207,078,000 after purchasing an additional 17,847 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Carlisle Companies by 22.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock valued at $190,508,000 after purchasing an additional 97,326 shares in the last quarter. Finally, Madison Asset Management LLC bought a new stake in shares of Carlisle Companies during the second quarter valued at about $152,865,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL opened at $375.63 on Monday. The firm’s 50 day moving average is $339.30 and its 200-day moving average is $353.22. The stock has a market capitalization of $14.52 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.19 and a beta of 0.78. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.40 and a quick ratio of 1.80. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, beating the consensus estimate of $5.89 by $0.03. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. Carlisle Companies had a net margin of 13.78% and a return on equity of 51.25%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $5.61 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 21.11 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 18th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 18th. Carlisle Companies’s dividend payout ratio is 28.26%.

Wall Street Analyst Weigh In

CSL has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. DA Davidson set a $355.00 price target on shares of Carlisle Companies in a research note on Friday, October 9th. Finally, Robert W. Baird set a $410.00 price objective on shares of Carlisle Companies in a research note on Thursday, October 29th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $395.83.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally.

Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

Founded in 1917, Carlisle has evolved from its origins in the tire and rubber business into a building-products company.