Carlisle Companies Incorporated $CSL Stock Holdings Boosted by Compass Wealth Management LLC

Compass Wealth Management LLC grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 520.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,680 shares of the conglomerate’s stock after buying an additional 10,636 shares during the quarter. Compass Wealth Management LLC’s holdings in Carlisle Companies were worth $4,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Carlisle Companies by 71.7% during the 3rd quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 38 shares in the last quarter. Signature Equity Partners LLC increased its stake in Carlisle Companies by 3,133.3% in the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 94 shares during the period. Allied Private Wealth LLC bought a new stake in Carlisle Companies in the second quarter valued at about $33,000. Jones Financial Companies Lllp bought a new stake in Carlisle Companies in the second quarter valued at about $33,000. Finally, Osterweis Capital Management Inc. acquired a new position in Carlisle Companies in the second quarter worth about $35,000. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CSL. Truist Financial cut their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings raised Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. DA Davidson set a $355.00 price objective on Carlisle Companies in a research note on Friday, October 9th. Finally, Robert W. Baird dropped their target price on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $394.50.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $353.28 on Friday. The firm has a market capitalization of $14.03 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.07 and a beta of 0.84. The stock has a fifty day moving average price of $337.64 and a two-hundred day moving average price of $347.13. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS 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 company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company earned $6.27 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, analysts anticipate that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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

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.