DAVENPORT & Co LLC Has $2.63 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

DAVENPORT & Co LLC increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 34.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,722 shares of the conglomerate's stock after buying an additional 1,990 shares during the period. DAVENPORT & Co LLC's holdings in Carlisle Companies were worth $2,629,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock worth $3,902,000 after buying an additional 2,976 shares during the period. Spire Wealth Management boosted its holdings in shares of Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock worth $667,000 after buying an additional 54 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after buying an additional 38 shares during the period. CX Institutional bought a new stake in shares of Carlisle Companies during the 1st quarter worth $49,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Carlisle Companies by 11.5% during the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock worth $376,000 after buying an additional 114 shares during the period. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. 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 note on Thursday, April 24th. Robert W. Baird upped their target price on shares of 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. assumed coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price for the company. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $461.67.

Carlisle Companies Stock Performance

NYSE:CSL traded up $4.06 during trading hours on Tuesday, hitting $401.14. 752,001 shares of the company traded hands, compared to its average volume of 398,305. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.19 and a beta of 1.03. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average of $382.92 and a 200 day moving average of $366.58.

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

Carlisle Companies Dividend Announcement

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

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.