True Wealth Design LLC Acquires 70 Shares of Carlisle Companies Incorporated (NYSE:CSL)

True Wealth Design LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1,400.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75 shares of the conglomerate’s stock after acquiring an additional 70 shares during the quarter. True Wealth Design LLC’s holdings in Carlisle Companies were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Resonant Capital Advisors LLC increased its holdings in shares of Carlisle Companies by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after purchasing an additional 24 shares during the last quarter. Tributary Capital Management LLC boosted its holdings in shares of Carlisle Companies by 1.1% during the 3rd quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after buying an additional 24 shares during the period. Diversify Advisory Services LLC grew its stake in Carlisle Companies by 1.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock valued at $719,000 after buying an additional 25 shares during the last quarter. Equitable Trust Co. raised its holdings in Carlisle Companies by 0.3% in the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after acquiring an additional 25 shares during the period. Finally, Metis Global Partners LLC lifted its position in Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after acquiring an additional 30 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CSL shares. Oppenheimer increased their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Finally, Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $472.00.

Carlisle Companies Stock Performance

CSL opened at $456.70 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a 52-week low of $272.20 and a 52-week high of $481.26. The firm has a market cap of $20.70 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91. The business’s fifty day moving average is $449.55 and its 200-day moving average is $425.54.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.88%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.