Alps Advisors Inc. Grows Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Alps Advisors Inc. boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 31.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,885 shares of the conglomerate's stock after acquiring an additional 1,175 shares during the quarter. Alps Advisors Inc.'s holdings in Carlisle Companies were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $23,535,000. Raymond James Financial Inc. bought a new stake in Carlisle Companies during the 4th quarter valued at $29,839,000. Farther Finance Advisors LLC boosted its position in Carlisle Companies by 95.1% during the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock valued at $59,000 after buying an additional 78 shares during the period. Catalyst Funds Management Pty Ltd boosted its position in Carlisle Companies by 287.5% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 3,100 shares of the conglomerate's stock valued at $1,143,000 after buying an additional 2,300 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Carlisle Companies by 0.3% in the 4th quarter. Natixis Advisors LLC now owns 136,330 shares of the conglomerate's stock worth $50,284,000 after acquiring an additional 466 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Price Performance

Shares of CSL stock opened at $412.59 on Friday. The business's fifty day moving average is $384.80 and its 200 day moving average is $367.36. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87. The stock has a market cap of $17.84 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 1.24 and a beta of 1.03. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month 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, beating analysts' consensus estimates of $3.53 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.72 EPS. Research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

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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