Merit Financial Group LLC Purchases 1,560 Shares of Carlisle Companies Incorporated $CSL

Merit Financial Group LLC grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 73.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,683 shares of the conglomerate’s stock after buying an additional 1,560 shares during the period. Merit Financial Group LLC’s holdings in Carlisle Companies were worth $1,212,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CSL. Elevation Point Wealth Partners LLC bought a new position in Carlisle Companies in the second quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Carlisle Companies during the 2nd quarter valued at about $25,000. GFG Capital LLC bought a new position in shares of Carlisle Companies in the 2nd quarter valued at about $25,000. Hemington Wealth Management grew its position in shares of Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after buying an additional 26 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Carlisle Companies by 527.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. The Goldman Sachs Group reduced their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Truist Financial dropped their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Vertical Research began coverage on Carlisle Companies in a report on Monday, October 20th. They set a “hold” rating on the stock. Finally, Robert W. Baird decreased their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies Trading Up 1.2%

NYSE CSL opened at $332.29 on Tuesday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The firm has a market cap of $13.89 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.02 and a beta of 0.95. The stock’s 50-day moving average is $322.11 and its 200-day moving average is $353.14.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.Carlisle Companies’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.78 EPS. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s 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.