HB Wealth Management LLC Has $703,000 Stake in Carlisle Companies Incorporated (NYSE:CSL)

HB Wealth Management LLC boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 109.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,066 shares of the conglomerate’s stock after purchasing an additional 1,079 shares during the period. HB Wealth Management LLC’s holdings in Carlisle Companies were worth $703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CSL. GeoWealth Management LLC grew its stake in Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after buying an additional 29 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in Carlisle Companies by 2.1% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock valued at $506,000 after buying an additional 31 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock valued at $535,000 after buying an additional 38 shares in the last quarter. Net Worth Advisory Group grew its stake in Carlisle Companies by 2.8% in the 1st quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate’s stock valued at $517,000 after buying an additional 41 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock valued at $58,000 after buying an additional 42 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

NYSE CSL opened at $410.55 on Thursday. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The company has a market capitalization of $17.76 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.27 and a beta of 1.03. The company has a fifty day moving average of $389.89 and a 200-day moving average of $371.42.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 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% on a year-over-year basis. During the same period in the prior year, the firm posted $6.24 earnings per share. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 price target for the company. Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Robert W. Baird raised their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Truist Financial cut their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $461.67.

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.