Crewe Advisors LLC Purchases 80 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Crewe Advisors LLC grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 37.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 293 shares of the conglomerate’s stock after acquiring an additional 80 shares during the period. Crewe Advisors LLC’s holdings in Carlisle Companies were worth $132,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CSL. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies in the third quarter worth $25,000. ORG Partners LLC purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth about $32,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies in the 3rd quarter worth about $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Carlisle Companies during the 2nd quarter valued at about $39,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $449.65 on Friday. Carlisle Companies Incorporated has a twelve month low of $272.15 and a twelve month high of $481.26. The company has a market capitalization of $20.38 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91. The firm has a 50 day moving average of $446.26 and a 200 day moving average of $423.95. 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 announced 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company earned $4.68 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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

Analyst Ratings Changes

CSL has been the topic of a number of recent research reports. Robert W. Baird cut their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer upped their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $472.00.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.