Washington Trust Bank Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

Washington Trust Bank purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 450 shares of the conglomerate’s stock, valued at approximately $202,000.

Several other large investors have also modified their holdings of CSL. ORG Partners LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Carlisle Companies during the 2nd quarter valued at approximately $32,000. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies during the 3rd quarter valued at approximately $32,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Carlisle Companies during the 2nd quarter valued at approximately $39,000. Finally, UMB Bank n.a. lifted its stake in Carlisle Companies by 317.2% during the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 92 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $448.65 on Friday. The firm’s fifty day moving average price is $437.43 and its 200 day moving average price is $419.45. 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. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.39 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $4.68 EPS. Carlisle Companies’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer increased 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. Finally, Robert W. Baird reduced 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.