CWA Asset Management Group LLC Purchases New Holdings in Carlisle Companies Incorporated (NYSE:CSL)

CWA Asset Management Group LLC acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 3,453 shares of the conglomerate’s stock, valued at approximately $1,553,000.

Several other large investors have also modified their holdings of CSL. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies during the 3rd quarter worth approximately $25,000. ORG Partners LLC bought a new stake in shares of Carlisle Companies during the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carlisle Companies during the second quarter valued at $32,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies in the third quarter worth about $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Carlisle Companies in the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $450.85 on Friday. 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 company has a 50 day moving average price of $437.97 and a 200-day moving average price of $420.29. Carlisle Companies Incorporated has a fifty-two week low of $260.73 and a fifty-two week high of $481.26. The stock has a market capitalization of $20.44 billion, a PE ratio of 15.95, a PEG ratio of 1.48 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $4.68 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that Carlisle Companies Incorporated will post 20.36 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company 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 0.89%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s payout ratio is currently 14.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird dropped their price objective 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, Oppenheimer lifted their target price on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.