Carlisle Companies Incorporated (NYSE:CSL) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,100 shares of the conglomerate’s stock after acquiring an additional 294 shares during the quarter. QRG Capital Management Inc.’s holdings in Carlisle Companies were worth $3,193,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc increased its holdings in Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after purchasing an additional 268,685 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in shares of Carlisle Companies in the second quarter worth $65,041,000. Swedbank AB acquired a new stake in Carlisle Companies in the first quarter valued at $31,218,000. Shellback Capital LP boosted its stake in Carlisle Companies by 451.9% during the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after acquiring an additional 65,600 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Carlisle Companies by 109.0% during the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock worth $49,999,000 after acquiring an additional 64,351 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSL. Oppenheimer upped their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Robert W. Baird decreased their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $475.00.

Carlisle Companies Price Performance

Shares of CSL opened at $450.80 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market cap of $20.43 billion, a P/E ratio of 15.95, a PEG ratio of 1.38 and a beta of 0.91. Carlisle Companies Incorporated has a 12 month low of $260.73 and a 12 month high of $481.26. The stock has a fifty day moving average price of $436.04 and a 200 day moving average price of $419.02.

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 the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.68 earnings per share. On average, research analysts forecast that Carlisle Companies Incorporated will post 20.36 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. Shareholders 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 dividend on an annualized basis and a yield of 0.89%. Carlisle Companies’s dividend payout ratio (DPR) 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.