Eagle Ridge Investment Management Has $3.32 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Eagle Ridge Investment Management reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,375 shares of the conglomerate’s stock after selling 623 shares during the period. Eagle Ridge Investment Management’s holdings in Carlisle Companies were worth $3,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Truist Financial Corp lifted its stake in shares of Carlisle Companies by 0.8% in the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock valued at $135,438,000 after purchasing an additional 2,545 shares during the period. TD Asset Management Inc increased its holdings in Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after purchasing an additional 268,685 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Carlisle Companies by 2.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after buying an additional 6,613 shares during the period. Zurich Insurance Group Ltd FI boosted its holdings in Carlisle Companies by 1.9% during the second quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock worth $77,694,000 after buying an additional 3,504 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Carlisle Companies by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock worth $71,375,000 after buying an additional 4,017 shares during the period. 89.52% of the stock is owned by institutional investors.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CSL. Oppenheimer increased 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. Robert W. Baird lifted their price target on shares of Carlisle Companies from $500.00 to $506.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $476.50.

Carlisle Companies Price Performance

NYSE CSL opened at $458.53 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.52 and a beta of 0.91. The business has a 50 day simple moving average of $434.28 and a 200 day simple moving average of $415.93. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.40. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.87%. Carlisle Companies’s dividend payout ratio (DPR) is presently 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.