Marks Group Wealth Management Inc Purchases 449 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Marks Group Wealth Management Inc grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,617 shares of the conglomerate’s stock after acquiring an additional 449 shares during the quarter. Carlisle Companies accounts for about 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 22nd largest position. Marks Group Wealth Management Inc’s holdings in Carlisle Companies were worth $9,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc boosted its stake in Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after buying an additional 268,685 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in Carlisle Companies in the 2nd quarter valued at $65,041,000. Swedbank AB acquired a new position in Carlisle Companies during the first quarter worth $31,218,000. Shellback Capital LP boosted its stake 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 valued at $32,465,000 after purchasing an additional 65,600 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in Carlisle Companies by 109.0% in the second 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 institutional investors.

Carlisle Companies Price Performance

Shares of CSL opened at $435.12 on Wednesday. The stock has a market cap of $19.72 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. Carlisle Companies Incorporated has a 1 year low of $260.73 and a 1 year high of $481.26. The stock’s 50-day moving average price is $435.67 and its two-hundred day moving average price is $418.55. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $4.68 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts predict that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer lifted their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird reduced their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and a consensus 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.