Praxis Investment Management Inc. Purchases 750 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Praxis Investment Management Inc. increased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 93.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,550 shares of the conglomerate's stock after buying an additional 750 shares during the quarter. Praxis Investment Management Inc.'s holdings in Carlisle Companies were worth $528,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CSL shares. Robert W. Baird lifted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a report on Tuesday. They issued an "overweight" rating and a $500.00 target price for the company. Truist Financial decreased their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Carlisle Companies presently has an average rating of "Moderate Buy" and an average target price of $461.67.

Carlisle Companies Price Performance

Shares of CSL stock traded up $8.19 on Tuesday, reaching $372.45. The company's stock had a trading volume of 574,323 shares, compared to its average volume of 394,984. The stock's fifty day simple moving average is $377.98 and its 200-day simple moving average is $368.04. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $3.72 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. Analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is 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.