Stifel Financial Corp Purchases 5,555 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Stifel Financial Corp grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 17.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,599 shares of the conglomerate's stock after buying an additional 5,555 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Carlisle Companies worth $16,909,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CSL. Capital Performance Advisors LLP bought a new position in Carlisle Companies in the 3rd quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the third quarter valued at $32,000. True Wealth Design LLC lifted its holdings in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after purchasing an additional 70 shares during the period. ORG Partners LLC bought a new stake in shares of Carlisle Companies in the second quarter worth $31,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in Carlisle Companies in the second quarter valued at $39,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSL shares. Oppenheimer upped their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. StockNews.com lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $472.00.

Carlisle Companies Trading Down 1.3 %

CSL traded down $5.72 during trading on Tuesday, hitting $425.22. The company's stock had a trading volume of 254,892 shares, compared to its average volume of 324,353. The firm has a market capitalization of $19.27 billion, a P/E ratio of 15.25, a PEG ratio of 1.45 and a beta of 0.92. Carlisle Companies Incorporated has a twelve month low of $291.23 and a twelve month high of $481.26. The stock's fifty day moving average price is $449.27 and its 200-day moving average price is $426.38. 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 - Get Free Report) last issued its 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 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned $4.68 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies's dividend payout ratio is currently 14.15%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies 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 transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.

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.