Los Angeles Capital Management LLC Buys 19,968 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Los Angeles Capital Management LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 504.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,927 shares of the conglomerate's stock after purchasing an additional 19,968 shares during the period. Los Angeles Capital Management LLC owned about 0.05% of Carlisle Companies worth $10,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc increased its holdings in Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate's stock worth $114,125,000 after acquiring an additional 268,685 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in Carlisle Companies in the second quarter valued at approximately $65,041,000. Swedbank AB acquired a new stake in Carlisle Companies during the 1st quarter worth $31,218,000. Shellback Capital LP boosted its holdings in shares of Carlisle Companies by 451.9% in the second quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate's stock valued at $32,465,000 after acquiring 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 last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Oppenheimer raised their target price 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 target on 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 report on Tuesday, August 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $475.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $0.31 during midday trading on Tuesday, hitting $455.51. The company's stock had a trading volume of 113,487 shares, compared to its average volume of 325,012. The firm has a market cap of $20.65 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.48 and a beta of 0.91. Carlisle Companies Incorporated has a 1-year low of $267.40 and a 1-year high of $481.26. The firm's fifty day moving average price is $438.59 and its 200-day moving average price is $421.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.68 EPS. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 20.36 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.88%. Carlisle Companies's dividend payout ratio (DPR) is 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.