Lifestyle Asset Management Inc. Invests $1.01 Million in Carlisle Companies Incorporated (NYSE:CSL)

Lifestyle Asset Management Inc. bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,250 shares of the conglomerate’s stock, valued at approximately $1,012,000.

A number of other hedge funds have also recently added to or reduced their stakes in CSL. Norden Group LLC purchased a new position in shares of Carlisle Companies during the first quarter worth approximately $339,000. Private Advisor Group LLC grew its position in Carlisle Companies by 30.3% during the 1st quarter. Private Advisor Group LLC now owns 993 shares of the conglomerate’s stock worth $389,000 after purchasing an additional 231 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Carlisle Companies by 47.0% in the first quarter. BNP Paribas Financial Markets now owns 17,865 shares of the conglomerate’s stock valued at $7,000,000 after purchasing an additional 5,715 shares during the period. Nordea Investment Management AB raised its holdings in shares of Carlisle Companies by 5.2% in the first quarter. Nordea Investment Management AB now owns 3,752 shares of the conglomerate’s stock valued at $1,475,000 after buying an additional 185 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Carlisle Companies by 1,523.0% during the first quarter. Empowered Funds LLC now owns 11,020 shares of the conglomerate’s stock worth $4,318,000 after buying an additional 10,341 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $448.65 on Friday. The business’s 50-day simple moving average is $437.43 and its 200-day simple moving average is $419.45. The firm has a market capitalization of $20.34 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.39 and a beta of 0.91. Carlisle Companies Incorporated has a 1-year low of $260.73 and a 1-year high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data 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). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.68 earnings per share. Equities analysts predict that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Analyst Ratings Changes

Several analysts have commented on the company. Oppenheimer upped their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird decreased their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $475.00.

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.