Carlisle Companies Incorporated (NYSE:CSL) Shares Bought by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. grew its stake in Carlisle Companies Incorporated (NYSE:CSL) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,913 shares of the conglomerate’s stock after buying an additional 102 shares during the period. YHB Investment Advisors Inc.’s holdings in Carlisle Companies were worth $4,595,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Carlisle Companies during the second quarter worth about $25,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at about $29,000. Artemis Wealth Advisors LLC purchased a new position in Carlisle Companies during the 2nd quarter worth approximately $42,000. Harvest Fund Management Co. Ltd increased its position in Carlisle Companies by 137.9% during the first quarter. Harvest Fund Management Co. Ltd now owns 295 shares of the conglomerate’s stock worth $67,000 after buying an additional 171 shares during the period. Finally, Archer Investment Corp lifted its stake in Carlisle Companies by 20.0% in the first quarter. Archer Investment Corp now owns 300 shares of the conglomerate’s stock valued at $77,000 after buying an additional 50 shares during the last quarter. 90.70% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

NYSE:CSL traded up $0.15 during trading hours on Wednesday, hitting $281.54. The company’s stock had a trading volume of 13,208 shares, compared to its average volume of 386,338. Carlisle Companies Incorporated has a 52-week low of $203.65 and a 52-week high of $289.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.73 and a current ratio of 4.18. The business’s 50-day moving average is $259.66 and its two-hundred day moving average is $251.98. The company has a market capitalization of $13.71 billion, a PE ratio of 19.56, a PEG ratio of 1.22 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 26th. The conglomerate reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.57 by $0.11. Carlisle Companies had a net margin of 13.58% and a return on equity of 27.87%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $5.66 EPS. The business’s revenue was down 15.8% compared to the same quarter last year. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 14.77 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 14th. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.66%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zelman & Associates lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. StockNews.com initiated coverage on shares of Carlisle Companies in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Robert W. Baird upped their target price on shares of Carlisle Companies from $310.00 to $320.00 in a report on Thursday, July 27th. Oppenheimer reissued an “outperform” rating and set a $325.00 price target on shares of Carlisle Companies in a report on Monday, September 25th. Finally, Jefferies Financial Group downgraded Carlisle Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $325.00 to $290.00 in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and an average target price of $307.14.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.