Foster & Motley Inc. Invests $270,000 in Carlisle Companies Incorporated (NYSE:CSL)

Foster & Motley Inc. purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 793 shares of the conglomerate’s stock, valued at approximately $270,000.

A number of other large investors have also added to or reduced their stakes in the stock. CX Institutional bought a new position in Carlisle Companies in the 1st quarter valued at $49,000. GeoWealth Management LLC raised its holdings in shares of 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 acquiring an additional 29 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Carlisle Companies during the 1st quarter valued at about $55,000. Allworth Financial LP boosted its position in shares of Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock valued at $58,000 after acquiring an additional 42 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Carlisle Companies by 39.8% during 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. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 13.6%

Shares of CSL opened at $354.71 on Friday. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.23 and a beta of 1.03. The firm has a 50 day moving average price of $389.19 and a 200-day moving average price of $371.29. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 36.83%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $6.24 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CSL shares. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 target price on the stock. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $430.00 to $395.00 in a report on Thursday. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Truist Financial cut their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Finally, Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus price target of $450.83.

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.