Weiss Asset Management LP Acquires Shares of 3,144 Carlisle Companies Incorporated (NYSE:CSL)

Weiss Asset Management LP purchased a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,144 shares of the conglomerate's stock, valued at approximately $1,414,000.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies in the 3rd quarter worth approximately $25,000. ORG Partners LLC purchased a new stake in shares of Carlisle Companies in the second quarter worth $31,000. ORG Wealth Partners LLC bought a new stake in Carlisle Companies during the third quarter valued at $32,000. True Wealth Design LLC grew its position in 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 buying an additional 70 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies in the 2nd quarter worth about $39,000. 89.52% of the stock is currently owned by institutional investors.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Carlisle Companies Trading Up 0.9 %

CSL traded up $3.74 on Friday, hitting $440.01. 232,197 shares of the company were exchanged, compared to its average volume of 302,453. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The firm has a fifty day simple moving average of $449.64 and a two-hundred day simple moving average of $426.31. The stock has a market capitalization of $19.95 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. Carlisle Companies Incorporated has a 12 month low of $290.32 and a 12 month high of $481.26.

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. Sell-side analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.91%. Carlisle Companies's dividend payout ratio is presently 14.15%.

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.