Algebris UK Ltd Has $305,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Algebris UK Ltd has reduced its stake in Carlisle Companies by 51.8%, now holding 968 shares valued at approximately $305,000.
• Carlisle Companies announced a $1.00 quarterly dividend, representing a 0.94% dividend yield, with a payout ratio of 14.89%.
• Analysts have mixed ratings for Carlisle Companies, with a consensus rating of "Moderate Buy" and an average price target of $461.67.

Algebris UK Ltd reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 51.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 968 shares of the conglomerate's stock after selling 1,040 shares during the period. Algebris UK Ltd's holdings in Carlisle Companies were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CX Institutional bought a new stake in Carlisle Companies in the first quarter valued at approximately $49,000. GeoWealth Management LLC increased its stake in Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after purchasing an additional 29 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Carlisle Companies during the 1st quarter worth about $55,000. Allworth Financial LP grew its stake in Carlisle Companies by 32.8% in the first 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 period. Finally, Quarry LP increased 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 valued at $69,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Down 1.9%

Shares of Carlisle Companies stock opened at $426.83 on Tuesday. The company's 50 day moving average price is $389.04 and its 200-day moving average price is $370.78. 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 stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.31 and a beta of 1.03.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.

Analysts Set New Price Targets

Several research firms recently issued reports on CSL. 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 research report on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price target on the stock. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, Robert W. Baird raised their target price 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.

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