Beacon Harbor Wealth Advisors Inc. Increases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Beacon Harbor Wealth Advisors Inc. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,789 shares of the conglomerate’s stock after purchasing an additional 120 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Carlisle Companies were worth $6,651,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norden Group LLC purchased a new position in shares of Carlisle Companies in the 1st quarter worth approximately $339,000. Private Advisor Group LLC boosted its position in Carlisle Companies by 30.3% in the first quarter. Private Advisor Group LLC now owns 993 shares of the conglomerate’s stock worth $389,000 after purchasing an additional 231 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Carlisle Companies by 47.0% in the 1st quarter. BNP Paribas Financial Markets now owns 17,865 shares of the conglomerate’s stock valued at $7,000,000 after purchasing an additional 5,715 shares during the period. Nordea Investment Management AB grew its stake in Carlisle Companies by 5.2% in the 1st quarter. Nordea Investment Management AB now owns 3,752 shares of the conglomerate’s stock valued at $1,475,000 after purchasing an additional 185 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Carlisle Companies by 1,523.0% during the 1st quarter. Empowered Funds LLC now owns 11,020 shares of the conglomerate’s stock valued at $4,318,000 after purchasing an additional 10,341 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CSL shares. Oppenheimer boosted 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. 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, StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $475.00.

Carlisle Companies Trading Down 0.4 %

Shares of Carlisle Companies stock opened at $448.65 on Friday. The stock has a market capitalization of $20.34 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.39 and a beta of 0.91. Carlisle Companies Incorporated has a 52-week low of $260.73 and a 52-week high of $481.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock’s 50-day simple moving average is $437.43 and its 200 day simple moving average is $419.45.

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 the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $4.68 EPS. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 20.36 EPS for the current 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 given a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.89%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Carlisle Companies Company Profile

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.