2,913 Shares in Carlisle Companies Incorporated (NYSE:CSL) Purchased by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,913 shares of the conglomerate's stock, valued at approximately $992,000.

Other large investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its position 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 during the period. CX Institutional purchased a new stake in Carlisle Companies in the 1st quarter valued at about $49,000. Fifth Third Bancorp boosted its position in Carlisle Companies by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock valued at $376,000 after buying an additional 114 shares during the period. Tocqueville Asset Management L.P. boosted its position in Carlisle Companies by 6.0% in the 4th quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate's stock valued at $1,614,000 after buying an additional 248 shares during the period. Finally, MV Capital Management Inc. boosted its position in Carlisle Companies by 253.5% in the 4th quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate's stock valued at $93,000 after buying an additional 180 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.4%

NYSE:CSL opened at $354.13 on Friday. Carlisle Companies Incorporated has a one year low of $311.41 and a one year 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 firm has a market cap of $15.32 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.07 and a beta of 1.06. The firm has a 50-day simple moving average of $377.40 and a 200-day simple moving average of $369.01.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. Carlisle Companies's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.72 EPS. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.13%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CSL shares. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Truist Financial reduced 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. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average price target of $454.00.

Carlisle Companies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.