CWA Asset Management Group LLC Buys New Position in Carlisle Companies Incorporated (NYSE:CSL)

CWA Asset Management Group LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,453 shares of the conglomerate's stock, valued at approximately $1,553,000.

Several other institutional investors and hedge funds have also bought and sold shares of CSL. TD Asset Management Inc boosted its position in shares of Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate's stock valued at $114,125,000 after acquiring an additional 268,685 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in Carlisle Companies during the second quarter valued at approximately $65,041,000. Swedbank AB purchased a new position in Carlisle Companies in the 1st quarter worth approximately $31,218,000. Shellback Capital LP increased its holdings in shares of Carlisle Companies by 451.9% in the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate's stock worth $32,465,000 after buying an additional 65,600 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in shares of Carlisle Companies by 109.0% during the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate's stock valued at $49,999,000 after buying an additional 64,351 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.5 %

Carlisle Companies stock traded up $2.20 during mid-day trading on Friday, hitting $450.85. The company's stock had a trading volume of 372,897 shares, compared to its average volume of 301,445. The business has a 50 day moving average price of $437.97 and a 200-day moving average price of $420.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 12 month low of $260.73 and a 12 month high of $481.26. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.68 earnings per share. As a group, analysts forecast that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies's dividend payout ratio (DPR) is 14.15%.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of research analyst reports. StockNews.com cut Carlisle Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. 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 report on Friday, October 25th. Finally, Oppenheimer raised their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $475.00.

Carlisle Companies 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.