Carlisle Companies Incorporated (NYSE:CSL) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 133.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,346 shares of the conglomerate’s stock after purchasing an additional 769 shares during the period. Focus Partners Wealth’s holdings in Carlisle Companies were worth $502,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its stake in shares of Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. GeoWealth Management LLC grew its stake in Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after purchasing an additional 29 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after purchasing an additional 78 shares in the last quarter. UMB Bank n.a. grew its stake in Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after purchasing an additional 67 shares in the last quarter. Finally, Quarry LP grew its stake in Carlisle Companies by 39.8% in the fourth quarter. Quarry LP now owns 186 shares of the conglomerate’s stock worth $69,000 after purchasing an additional 53 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $403.25 on Wednesday. The business has a 50 day simple moving average of $360.87 and a 200 day simple moving average of $380.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.72 EPS. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies’s payout ratio is currently 14.89%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CSL. Truist Financial decreased their price target on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. StockNews.com upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Robert W. Baird lifted their price target on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Finally, Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $454.00.

Carlisle Companies Company 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.