True Wealth Design LLC Purchases 70 Shares of Carlisle Companies Incorporated (NYSE:CSL)

True Wealth Design LLC raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 1,400.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75 shares of the conglomerate’s stock after purchasing an additional 70 shares during the quarter. True Wealth Design LLC’s holdings in Carlisle Companies were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies in the third quarter valued at approximately $25,000. ORG Partners LLC acquired a new stake in Carlisle Companies in the second quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carlisle Companies during the 2nd quarter worth about $32,000. ORG Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $39,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $456.70 on Monday. The stock has a market capitalization of $20.70 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.50 and a beta of 0.91. Carlisle Companies Incorporated has a 52-week low of $272.20 and a 52-week high of $481.26. 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 stock’s 50 day moving average price is $449.55 and its two-hundred day moving average price is $425.54.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) 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 company 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 earned $4.68 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts predict that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.88%. Carlisle Companies’s payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer boosted their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Finally, Robert W. Baird dropped their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were 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 owns 2,834 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Carlisle Companies Company 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.