Dixon Mitchell Investment Counsel Inc. Has $31.96 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,065 shares of the conglomerate’s stock after buying an additional 3,753 shares during the quarter. Carlisle Companies comprises 1.5% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its 27th biggest holding. Dixon Mitchell Investment Counsel Inc. owned 0.15% of Carlisle Companies worth $31,961,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC bought a new stake in Carlisle Companies in the 2nd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at $32,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies during the third quarter worth about $32,000. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at $39,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Carlisle Companies by 564.7% in the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after acquiring an additional 96 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Trading Down 0.3 %

NYSE:CSL opened at $471.00 on Friday. The company has a market cap of $22.42 billion, a PE ratio of 27.30, a PEG ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. Carlisle Companies Incorporated has a one year low of $235.79 and a one year high of $481.26. The firm has a 50-day moving average of $429.00 and a 200-day moving average of $414.06.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.40. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.18 earnings per share. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 annualized dividend and a yield of 0.85%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is presently 23.19%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSL shares. Oppenheimer reiterated an “outperform” rating and issued a $480.00 price objective (up from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. Robert W. Baird increased their price objective on Carlisle Companies from $500.00 to $506.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $470.25.

Insider Activity

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.