Empowered Funds LLC Buys 4,411 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Empowered Funds LLC raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 32.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,868 shares of the conglomerate’s stock after buying an additional 4,411 shares during the quarter. Empowered Funds LLC’s holdings in Carlisle Companies were worth $8,036,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Carlisle Companies by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after purchasing an additional 4,692 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $608,000. Price T Rowe Associates Inc. MD boosted its position in Carlisle Companies by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after buying an additional 1,429 shares during the period. Driehaus Capital Management LLC lifted its stake in Carlisle Companies by 44.6% in the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after acquiring an additional 17,472 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Carlisle Companies by 188.0% during the 1st quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after acquiring an additional 5,389 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.0 %

Shares of CSL stock opened at $445.24 on Friday. The firm’s 50 day moving average is $442.46 and its 200 day moving average is $422.26. The stock has a market capitalization of $20.18 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.49 and a beta of 0.91. Carlisle Companies Incorporated has a 12-month low of $269.58 and a 12-month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm earned $4.68 EPS. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.90%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Analyst Ratings Changes

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

About Carlisle Companies

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.