Pallas Capital Advisors LLC Purchases Shares of 471 Carlisle Companies Incorporated (NYSE:CSL)

Pallas Capital Advisors LLC purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 471 shares of the conglomerate’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Carlisle Companies by 1.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock worth $1,511,000 after purchasing an additional 43 shares in the last quarter. Norden Group LLC acquired a new position in shares of Carlisle Companies during the first quarter worth about $339,000. First Trust Direct Indexing L.P. lifted its stake in shares of Carlisle Companies by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock worth $308,000 after purchasing an additional 41 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Carlisle Companies by 6.9% during the first quarter. Van ECK Associates Corp now owns 7,065 shares of the conglomerate’s stock worth $2,768,000 after purchasing an additional 457 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Carlisle Companies by 30.3% during the first quarter. Private Advisor Group LLC now owns 993 shares of the conglomerate’s stock worth $389,000 after purchasing an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CSL. Robert W. Baird cut their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer boosted their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. 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, Carlisle Companies has an average rating of “Moderate Buy” and a consensus price target of $475.00.

Carlisle Companies Trading Up 0.0 %

Shares of NYSE CSL opened at $422.31 on Friday. The stock’s 50 day moving average price is $435.55 and its two-hundred day moving average price is $417.49. Carlisle Companies Incorporated has a 52-week low of $259.74 and a 52-week high of $481.26. The stock has a market capitalization of $19.14 billion, a P/E ratio of 14.94, a PEG ratio of 1.38 and a beta of 0.91. The company has a quick ratio of 2.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last announced 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). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company earned $4.68 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Carlisle Companies Incorporated will post 20.36 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.95%. Carlisle Companies’s payout ratio is currently 14.15%.

Carlisle Companies 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.