CWA Asset Management Group LLC Makes New $2.94 Million Investment in Carlisle Companies Incorporated $CSL

CWA Asset Management Group LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,947 shares of the conglomerate’s stock, valued at approximately $2,943,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boston Common Asset Management LLC raised its position in shares of Carlisle Companies by 9.4% in the second quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock valued at $5,210,000 after buying an additional 1,202 shares during the last quarter. EFG Asset Management North America Corp. raised its holdings in Carlisle Companies by 11.3% in the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after acquiring an additional 885 shares during the last quarter. Sierra Legacy Group purchased a new position in shares of Carlisle Companies during the 2nd quarter worth $764,000. Andra AP fonden boosted its holdings in shares of Carlisle Companies by 1,207.7% during the second quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock worth $10,249,000 after purchasing an additional 25,350 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Carlisle Companies by 4.9% in the second quarter. Legal & General Group Plc now owns 162,884 shares of the conglomerate’s stock valued at $60,821,000 after purchasing an additional 7,569 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group decreased their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Oppenheimer dropped their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Robert W. Baird cut their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Finally, Truist Financial lowered their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies has an average rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies Stock Performance

NYSE:CSL opened at $332.29 on Tuesday. The firm’s fifty day simple moving average is $322.11 and its 200 day simple moving average is $353.14. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.02 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $5.78 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, November 14th. Carlisle Companies’s dividend payout ratio is currently 24.96%.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.