Eads & Heald Wealth Management Sells 502 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Eads & Heald Wealth Management reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,490 shares of the conglomerate’s stock after selling 502 shares during the quarter. Carlisle Companies accounts for approximately 1.4% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 13th biggest holding. Eads & Heald Wealth Management’s holdings in Carlisle Companies were worth $2,919,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Carlisle Companies in the second quarter valued at approximately $32,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $32,000. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $39,000. Finally, UMB Bank n.a. raised its stake in Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research 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 increased their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target of $475.00.

Carlisle Companies Trading Up 0.0 %

Shares of Carlisle Companies stock opened at $422.31 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.50 and a current ratio of 2.72. The firm has a 50-day moving average of $435.55 and a 200-day moving average of $417.49. Carlisle Companies Incorporated has a 52-week low of $259.74 and a 52-week high of $481.26. The stock has a market cap of $19.14 billion, a PE ratio of 14.94, a PEG ratio of 1.38 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted 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). 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $4.68 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.95%. 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.