YHB Investment Advisors Inc. Grows Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

YHB Investment Advisors Inc. raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,211 shares of the conglomerate’s stock after acquiring an additional 72 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Carlisle Companies were worth $8,190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Resonant Capital Advisors LLC increased its position 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 acquiring an additional 24 shares during the period. Equitable Trust Co. increased its position in shares of Carlisle Companies by 0.4% in the second quarter. Equitable Trust Co. now owns 8,589 shares of the conglomerate’s stock valued at $3,480,000 after acquiring an additional 30 shares during the period. Astoria Portfolio Advisors LLC. increased its position in shares of Carlisle Companies by 5.0% in the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock valued at $265,000 after acquiring an additional 34 shares during the period. Patten Group Inc. increased its position in shares of Carlisle Companies by 3.6% in the third quarter. Patten Group Inc. now owns 1,016 shares of the conglomerate’s stock valued at $457,000 after acquiring an additional 35 shares during the period. Finally, CWM LLC increased its position in shares of Carlisle Companies by 1.6% in the second quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Robert W. Baird boosted their price target on shares of Carlisle Companies from $500.00 to $506.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Oppenheimer boosted their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus target price of $476.50.

Insider Transactions at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David W. Smith sold 600 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $458.85 on Thursday. The stock has a market cap of $21.84 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $481.26. The firm’s 50-day simple moving average is $433.24 and its two-hundred day simple moving average is $415.63.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.18 earnings per share. Analysts anticipate that Carlisle Companies Incorporated will post 20.57 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is currently 23.19%.

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.