Aptus Capital Advisors LLC Grows Position in Carlisle Companies Incorporated (NYSE:CSL)

Aptus Capital Advisors LLC lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 105.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,737 shares of the conglomerate’s stock after purchasing an additional 892 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Carlisle Companies were worth $781,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CSL. TD Asset Management Inc increased its stake in shares of Carlisle Companies by 2,073.5% in the 2nd 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 in the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $65,041,000. Swedbank AB acquired a new position in shares of Carlisle Companies during the 1st quarter worth approximately $31,218,000. Shellback Capital LP lifted its position in shares of Carlisle Companies by 451.9% during the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after buying an additional 65,600 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in Carlisle Companies by 109.0% in the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock valued at $49,999,000 after acquiring an additional 64,351 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 0.9 %

Shares of NYSE CSL opened at $450.58 on Friday. The stock has a market cap of $20.42 billion, a PE ratio of 15.94, a P/E/G ratio of 1.48 and a beta of 0.91. 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 Incorporated has a 12-month low of $269.58 and a 12-month high of $481.26. The company has a 50-day moving average of $441.60 and a 200 day moving average of $421.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results 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 net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $4.68 earnings per share. Carlisle Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 20.36 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer raised their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird cut 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. Finally, Truist Financial initiated coverage on Carlisle Companies in a report on Thursday. They set a “hold” rating and a $460.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Carlisle Companies currently 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.