AIA Group Ltd Increases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

AIA Group Ltd grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,874 shares of the conglomerate’s stock after purchasing an additional 792 shares during the period. AIA Group Ltd’s holdings in Carlisle Companies were worth $3,541,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Carlisle Companies during the 3rd quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carlisle Companies in the second quarter valued at $32,000. ORG Partners LLC bought a new stake in Carlisle Companies in the second quarter worth $31,000. Gilliland Jeter Wealth Management LLC purchased a new stake in Carlisle Companies during the second quarter valued at $39,000. Finally, UMB Bank n.a. lifted its position in Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $448.65 on Friday. Carlisle Companies Incorporated has a 12-month low of $260.73 and a 12-month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $437.43 and a 200-day moving average price of $419.45. The firm has a market capitalization of $20.34 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.39 and a beta of 0.91.

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). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.68 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on CSL shares. Oppenheimer boosted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Robert W. Baird reduced their price objective 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. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note 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. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus price target of $475.00.

About Carlisle Companies

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.