New York Life Investment Management LLC Makes New Investment in Carlisle Companies Incorporated $CSL

New York Life Investment Management LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,851 shares of the conglomerate’s stock, valued at approximately $1,885,000.

A number of other large investors have also made changes to their positions in CSL. BlackRock Inc. purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at about $1,499,602,000. Bank of New York Mellon Corp lifted its stake in shares of Carlisle Companies by 26.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after purchasing an additional 251,614 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Carlisle Companies by 22.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock worth $190,508,000 after buying an additional 97,326 shares during the last quarter. Madison Asset Management LLC purchased a new position in shares of Carlisle Companies in the second quarter worth approximately $152,865,000. Finally, Bank of America Corp DE bought a new stake in Carlisle Companies during the second quarter valued at approximately $93,493,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $3.62 during trading on Friday, hitting $396.21. The company had a trading volume of 298,096 shares, compared to its average volume of 405,129. The stock has a 50 day simple moving average of $344.31 and a 200 day simple moving average of $354.30. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.80 and a current ratio of 2.40. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91. The firm has a market capitalization of $15.31 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.24 and a beta of 0.78.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.89 by $0.03. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.61 EPS. As a group, analysts anticipate that Carlisle Companies Incorporated will post 21.11 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 18th. Carlisle Companies’s dividend payout ratio is presently 28.26%.

Analysts Set New Price Targets

CSL has been the subject of a number of research reports. Robert W. Baird set a $410.00 target price on shares of Carlisle Companies in a report on Thursday, October 29th. DA Davidson set a $355.00 price target on shares of Carlisle Companies in a research note on Friday, October 9th. Northcoast Research started coverage on shares of Carlisle Companies in a research note on Thursday. They set a “buy” rating and a $470.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $406.43.

About Carlisle Companies

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally. Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.