Carlisle Companies Incorporated $CSL Stock Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 80.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 847 shares of the conglomerate’s stock after selling 3,500 shares during the quarter. Park Avenue Securities LLC’s holdings in Carlisle Companies were worth $273,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CSL. Nykredit A S acquired a new stake in Carlisle Companies in the 2nd quarter valued at approximately $2,747,000. Empowered Funds LLC purchased a new stake in Carlisle Companies in the second quarter valued at approximately $1,914,000. Squarepoint Ops LLC raised its position in Carlisle Companies by 28.8% in the second quarter. Squarepoint Ops LLC now owns 47,679 shares of the conglomerate’s stock valued at $17,296,000 after purchasing an additional 10,653 shares during the period. Legal & General Group Plc acquired a new position in Carlisle Companies during the second quarter worth $49,811,000. Finally, Copeland Capital Management LLC lifted its stake in Carlisle Companies by 12.0% during the third quarter. Copeland Capital Management LLC now owns 76,551 shares of the conglomerate’s stock worth $24,663,000 after purchasing an additional 8,225 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird set a $410.00 price target on shares of Carlisle Companies in a research note on Thursday, October 29th. Weiss Ratings lowered Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, DA Davidson set a $355.00 target price on Carlisle Companies in a research note on Friday, October 9th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $395.83.

Carlisle Companies Trading Down 0.0%

Shares of CSL opened at $375.63 on Monday. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.40 and a quick ratio of 1.80. The firm has a 50 day simple moving average of $339.30 and a 200-day simple moving average of $353.22. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.78.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, topping the consensus estimate of $5.89 by $0.03. Carlisle Companies had a net margin of 13.78% and a return on equity of 51.25%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company earned $5.61 EPS. Carlisle Companies’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts forecast that Carlisle Companies Incorporated will post 21.11 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 18th will be paid 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 28.26%.

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.

Founded in 1917, Carlisle has evolved from its origins in the tire and rubber business into a building-products company.