Tevis Investment Management Boosts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Tevis Investment Management boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 16.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,056 shares of the conglomerate’s stock after acquiring an additional 150 shares during the quarter. Tevis Investment Management’s holdings in Carlisle Companies were worth $475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in Carlisle Companies in the second quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies in the 2nd quarter worth $32,000. ORG Wealth Partners LLC purchased a new stake in shares of Carlisle Companies during the 3rd quarter valued at $32,000. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $39,000. Finally, UMB Bank n.a. grew its position in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.8 %

Shares of NYSE:CSL opened at $422.11 on Thursday. The stock has a market capitalization of $19.52 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The stock’s 50-day moving average price is $435.32 and its 200-day moving average price is $417.12. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 12-month low of $252.55 and a 12-month high of $481.26.

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). Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $4.68 earnings per share. Carlisle Companies’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 20.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird lowered their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Oppenheimer boosted their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $475.00.

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.