Schwartz Investment Counsel Inc. trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 25.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,000 shares of the conglomerate’s stock after selling 20,000 shares during the quarter. Schwartz Investment Counsel Inc. owned 0.15% of Carlisle Companies worth $19,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its position in Carlisle Companies by 3.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,654 shares of the conglomerate’s stock worth $6,010,000 after buying an additional 566 shares in the last quarter. Peterson Wealth Services acquired a new stake in shares of Carlisle Companies during the 3rd quarter valued at $275,000. Viewpoint Investment Partners Corp grew its holdings in shares of Carlisle Companies by 28.6% during the 3rd quarter. Viewpoint Investment Partners Corp now owns 900 shares of the conglomerate’s stock valued at $290,000 after acquiring an additional 200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Carlisle Companies by 19.2% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 212,610 shares of the conglomerate’s stock valued at $68,497,000 after acquiring an additional 34,280 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Carlisle Companies by 152.4% during the 3rd quarter. Signaturefd LLC now owns 747 shares of the conglomerate’s stock valued at $241,000 after acquiring an additional 451 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on CSL. Robert W. Baird cut their price objective on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Weiss Ratings upgraded Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. DA Davidson set a $355.00 target price on Carlisle Companies in a research report on Friday, October 9th. Finally, Truist Financial dropped their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $394.50.
Read Our Latest Stock Report on Carlisle Companies
Carlisle Companies Trading Up 1.2%
NYSE CSL opened at $350.19 on Wednesday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91. The company has a 50 day moving average price of $336.79 and a two-hundred day moving average price of $352.33.
Carlisle Companies (NYSE:CSL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate of $6.35 by $0.68. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.27 EPS. As a group, analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.
Carlisle Companies Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a $1.25 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, August 19th.
About Carlisle Companies
Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.
Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.
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