Radnor Capital Management LLC Acquires New Position in Carlisle Companies Incorporated (NYSE:CSL)

Radnor Capital Management LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,000 shares of the conglomerate’s stock, valued at approximately $900,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CSL. Resonant Capital Advisors LLC boosted its stake in 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 buying an additional 24 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Carlisle Companies by 1.1% in the 3rd quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock valued at $1,023,000 after purchasing an additional 24 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Carlisle Companies by 1.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock valued at $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. increased its position in Carlisle Companies by 0.4% during the 2nd quarter. Equitable Trust Co. now owns 8,589 shares of the conglomerate’s stock worth $3,480,000 after purchasing an additional 30 shares in the last quarter. Finally, Patten Group Inc. lifted its stake in Carlisle Companies by 3.6% in the 3rd quarter. Patten Group Inc. now owns 1,016 shares of the conglomerate’s stock valued at $457,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Robert W. Baird lowered their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $475.00.

Carlisle Companies Stock Up 3.8 %

Shares of NYSE:CSL opened at $450.80 on Thursday. The firm has a market cap of $20.43 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.38 and a beta of 0.91. Carlisle Companies Incorporated has a 12-month low of $260.73 and a 12-month high of $481.26. The business has a fifty day simple moving average of $436.04 and a 200 day simple moving average of $419.02. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued 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). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business earned $4.68 earnings per share. Carlisle Companies’s revenue was up 5.9% compared to the same quarter last year. Analysts predict that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

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.