Oppenheimer & Co. Inc. Purchases 1,619 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Oppenheimer & Co. Inc. lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,727 shares of the conglomerate's stock after purchasing an additional 1,619 shares during the period. Oppenheimer & Co. Inc.'s holdings in Carlisle Companies were worth $3,312,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Invesco Ltd. lifted its holdings in Carlisle Companies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock valued at $502,239,000 after buying an additional 29,799 shares during the period. Franklin Resources Inc. increased its position in shares of Carlisle Companies by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after acquiring an additional 17,206 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Carlisle Companies by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after acquiring an additional 34,021 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after acquiring an additional 538,990 shares in the last quarter. Finally, Norges Bank bought a new stake in Carlisle Companies in the 4th quarter worth about $208,095,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Trading Down 0.6%

Shares of CSL stock traded down $2.43 on Friday, hitting $374.55. 664,884 shares of the company's stock traded hands, compared to its average volume of 393,847. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company's fifty day simple moving average is $379.37 and its 200 day simple moving average is $366.54. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 1.12 and a beta of 1.06.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $3.72 EPS. The firm's quarterly revenue was down .1% compared to the same quarter last year. Equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Truist Financial lowered their target price 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, Robert W. Baird increased their target price 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.