Welch & Forbes LLC Has $46.29 Million Stock Holdings in Carlisle Companies Incorporated $CSL

Welch & Forbes LLC boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,717 shares of the conglomerate’s stock after buying an additional 4,187 shares during the period. Welch & Forbes LLC owned approximately 0.33% of Carlisle Companies worth $46,290,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CSL. Hemington Wealth Management boosted its holdings in Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after buying an additional 26 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in shares of Carlisle Companies by 69.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 32 shares during the period. Blue Trust Inc. raised its position in shares of Carlisle Companies by 4.9% in the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after acquiring an additional 32 shares during the period. DNB Asset Management AS boosted its stake in Carlisle Companies by 0.3% during the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock worth $4,576,000 after acquiring an additional 33 shares during the last quarter. Finally, MAI Capital Management grew its holdings in Carlisle Companies by 26.6% during the second quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSL. William Blair began coverage on shares of Carlisle Companies in a report on Friday. They issued a “market perform” rating on the stock. Truist Financial cut their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Oppenheimer lowered their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. The Goldman Sachs Group cut their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies Trading Down 0.4%

Carlisle Companies stock opened at $340.79 on Friday. The firm has a 50-day moving average of $334.78 and a 200-day moving average of $348.49. 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 company has a market cap of $14.24 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.07 and a beta of 0.95.

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

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is 24.96%.

Carlisle Companies Company 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.