Impact Partnership Wealth LLC Purchases Shares of 1,640 Carlisle Companies Incorporated $CSL

Impact Partnership Wealth LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,640 shares of the conglomerate’s stock, valued at approximately $540,000.

Other institutional investors have also recently modified their holdings of the company. GFG Capital LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $25,000. Hemington Wealth Management raised 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 purchasing an additional 26 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Carlisle Companies in the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies in the 2nd quarter worth about $25,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Carlisle Companies by 527.3% in the 2nd 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. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Truist Financial decreased their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Vertical Research started coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $386.67.

Carlisle Companies Stock Performance

NYSE CSL opened at $340.79 on Friday. The firm has a market cap of $14.24 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.07 and a beta of 0.95. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The business’s 50-day moving average price is $334.78 and its 200 day moving average price is $348.49. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45.

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

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 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.