Bank of America Corp DE lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,856 shares of the conglomerate's stock after selling 23,363 shares during the period. Bank of America Corp DE owned about 0.54% of Carlisle Companies worth $89,944,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its stake in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after purchasing an additional 57 shares during the last quarter. GeoWealth Management LLC increased its stake in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Carlisle Companies by 95.1% during the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after purchasing an additional 78 shares during the last quarter. Quarry LP increased its stake in shares of Carlisle Companies by 39.8% during the 4th quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after purchasing an additional 53 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Carlisle Companies by 55.4% during the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock worth $69,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 89.52% of the company's stock.
Carlisle Companies Stock Performance
Shares of CSL stock traded up $7.85 during midday trading on Friday, hitting $408.73. 318,557 shares of the company were exchanged, compared to its average volume of 394,696. The firm has a market capitalization of $17.68 billion, a P/E ratio of 14.79, a PEG ratio of 1.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The firm's 50 day moving average price is $357.82 and its two-hundred day moving average price is $380.92. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.
Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping the consensus estimate of $3.53 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. Carlisle Companies's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.72 EPS. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.
Carlisle Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Truist Financial lowered their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Zelman & Associates upgraded shares of 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $454.00.
Read Our Latest Research Report on CSL
About Carlisle Companies
(
Free Report)
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.
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