Carlisle Companies Incorporated (NYSE:CSL) Shares Purchased by CI Investments Inc.

CI Investments Inc. grew its stake in Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 48.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 753 shares of the conglomerate’s stock after acquiring an additional 246 shares during the quarter. CI Investments Inc.’s holdings in Carlisle Companies were worth $177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. DNB Asset Management AS increased its stake in shares of Carlisle Companies by 0.3% in the 4th quarter. DNB Asset Management AS now owns 13,679 shares of the conglomerate’s stock worth $3,223,000 after acquiring an additional 42 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of Carlisle Companies by 4.5% in the 4th quarter. Summit Trail Advisors LLC now owns 1,220 shares of the conglomerate’s stock worth $287,000 after acquiring an additional 53 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Carlisle Companies by 0.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 9,562 shares of the conglomerate’s stock worth $2,681,000 after acquiring an additional 54 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Carlisle Companies by 0.8% in the 4th quarter. State of Alaska Department of Revenue now owns 7,235 shares of the conglomerate’s stock worth $1,704,000 after acquiring an additional 55 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its stake in shares of Carlisle Companies by 6.1% in the 3rd quarter. Boothbay Fund Management LLC now owns 1,265 shares of the conglomerate’s stock worth $355,000 after acquiring an additional 73 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $211.07 on Thursday. The business has a 50-day moving average of $214.55 and a 200 day moving average of $235.99. Carlisle Companies Incorporated has a 12 month low of $203.65 and a 12 month high of $318.71. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.31 and a quick ratio of 1.47.

Carlisle Companies (NYSE:CSL – Get Rating) last announced its earnings results on Thursday, April 27th. The conglomerate reported $2.57 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.05). Carlisle Companies had a net margin of 13.26% and a return on equity of 32.04%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business earned $4.26 earnings per share. The business’s revenue was down 21.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 18.36 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, May 16th. Carlisle Companies’s payout ratio is presently 18.93%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Oppenheimer lowered their price target on Carlisle Companies from $360.00 to $345.00 and set an “outperform” rating for the company in a report on Friday, March 17th. StockNews.com assumed coverage on Carlisle Companies in a report on Thursday, May 18th. They set a “hold” rating for the company. BMO Capital Markets lowered their price target on Carlisle Companies from $335.00 to $310.00 in a report on Monday, May 1st. Loop Capital lowered their price target on Carlisle Companies from $300.00 to $285.00 in a report on Friday, April 28th. Finally, Wells Fargo & Company increased their price target on Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $306.67.

Carlisle Companies Profile

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Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT).