Appian Way Asset Management LP Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

Appian Way Asset Management LP purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, HoldingsChannel reports. The firm purchased 10,387 shares of the conglomerate’s stock, valued at approximately $4,672,000. Carlisle Companies accounts for 1.1% of Appian Way Asset Management LP’s portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Silver Lake Advisory LLC purchased a new stake in Carlisle Companies in the 2nd quarter worth $608,000. Price T Rowe Associates Inc. MD raised its stake in Carlisle Companies by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after purchasing an additional 1,429 shares during the period. Driehaus Capital Management LLC lifted its holdings in Carlisle Companies by 44.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after purchasing an additional 17,472 shares in the last quarter. Cetera Investment Advisers grew its holdings in Carlisle Companies by 188.0% during the 1st quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock valued at $3,235,000 after buying an additional 5,389 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Carlisle Companies by 34.9% in the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after buying an additional 2,752 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 0.0 %

NYSE CSL opened at $457.58 on Friday. 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 Incorporated has a 52 week low of $272.20 and a 52 week high of $481.26. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.51 and a beta of 0.91. The company has a fifty day moving average of $449.13 and a two-hundred day moving average of $425.19.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $4.68 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.87%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction 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 completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CSL shares. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Oppenheimer raised 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. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. Finally, StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

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.