Bessemer Group Inc. increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 8.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 504,790 shares of the conglomerate's stock after purchasing an additional 39,329 shares during the period. Bessemer Group Inc. owned 1.14% of Carlisle Companies worth $171,880,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. CIBC Private Wealth Group LLC lifted its position in shares of Carlisle Companies by 2.7% in the fourth 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 last quarter. CX Institutional acquired a new stake in shares of Carlisle Companies during the 1st quarter worth about $49,000. 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. Tocqueville Asset Management L.P. grew its stake 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 last quarter. Finally, MV Capital Management Inc. raised its holdings 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 acquiring an additional 180 shares during the period. Institutional investors own 89.52% of the company's stock.
Carlisle Companies Price Performance
CSL traded down $2.43 on Friday, hitting $374.55. 664,884 shares of the stock were exchanged, compared to its average volume of 396,400. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 1.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The business has a 50-day moving average of $379.37 and a two-hundred day moving average of $367.35.
Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $3.72 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.
Carlisle Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's payout ratio is 14.89%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday. They set an "overweight" rating and a $500.00 target price for the company. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, Truist Financial lowered their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $461.67.
View Our Latest Report on Carlisle Companies
About Carlisle Companies
(
Free Report)
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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