144 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by CX Institutional

CX Institutional purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 144 shares of the conglomerate’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Carlisle Companies in the 4th quarter worth about $208,095,000. Wells Fargo & Company MN boosted its holdings in shares of Carlisle Companies by 692.1% in the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock worth $227,527,000 after purchasing an additional 538,990 shares during the period. GAMMA Investing LLC raised its holdings in Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate’s stock valued at $172,635,000 after buying an additional 505,680 shares during the period. Madison Investment Advisors LLC bought a new stake in Carlisle Companies in the fourth quarter worth $148,208,000. Finally, Inlight Wealth Management LLC bought a new position in Carlisle Companies during the fourth quarter valued at $118,038,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.8%

Shares of CSL stock opened at $355.88 on Wednesday. The stock has a 50 day simple moving average of $376.68 and a 200-day simple moving average of $370.90. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.08 and a beta of 1.06. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.72 earnings per share. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies’s payout ratio is presently 14.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial reduced their price target on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Wall Street Zen raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, Robert W. Baird increased their price target on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Three equities 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $454.00.

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.