New York Life Investment Management LLC Makes New $1.89 Million Investment in Carlisle Companies Incorporated $CSL

New York Life Investment Management LLC purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,851 shares of the conglomerate’s stock, valued at approximately $1,885,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kinsale Capital Group Inc. grew its position in shares of Carlisle Companies by 38.6% during the third quarter. Kinsale Capital Group Inc. now owns 28,787 shares of the conglomerate’s stock worth $9,274,000 after purchasing an additional 8,013 shares in the last quarter. Welch & Forbes LLC boosted its stake in Carlisle Companies by 1.6% in the 3rd quarter. Welch & Forbes LLC now owns 145,010 shares of the conglomerate’s stock worth $46,718,000 after purchasing an additional 2,245 shares during the period. Kestra Investment Management LLC boosted its stake in Carlisle Companies by 17.6% in the 3rd quarter. Kestra Investment Management LLC now owns 3,517 shares of the conglomerate’s stock worth $1,133,000 after purchasing an additional 526 shares during the period. AlphaCore Capital LLC bought a new position in Carlisle Companies in the 3rd quarter worth approximately $317,000. Finally, Running Oak Capital LLC grew its holdings in Carlisle Companies by 3.8% during the 3rd quarter. Running Oak Capital LLC now owns 30,929 shares of the conglomerate’s stock valued at $9,964,000 after buying an additional 1,141 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock traded up $3.62 during trading hours on Friday, hitting $396.21. The stock had a trading volume of 298,096 shares, compared to its average volume of 405,129. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.40 and a quick ratio of 1.80. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.24 and a beta of 0.78. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The stock’s 50-day moving average price is $344.31 and its two-hundred day moving average price is $354.30.

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

Carlisle Companies Dividend Announcement

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

Analyst Ratings Changes

CSL has been the topic of several recent analyst reports. Weiss Ratings cut shares of Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Northcoast Research started coverage on shares of Carlisle Companies in a research report on Thursday. They set a “buy” rating and a $470.00 target price for the company. DA Davidson set a $355.00 target price on shares of Carlisle Companies in a research report on Friday, October 9th. Finally, Robert W. Baird set a $410.00 target price on shares of Carlisle Companies in a research note on Thursday, October 29th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $406.43.

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.