Focus Partners Wealth grew its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 133.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,346 shares of the conglomerate's stock after acquiring an additional 769 shares during the quarter. Focus Partners Wealth's holdings in Carlisle Companies were worth $502,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its holdings in Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock valued at $7,695,000 after purchasing an additional 1,102 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position 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 last quarter. Mediolanum International Funds Ltd boosted its holdings in shares of Carlisle Companies by 4.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 27,825 shares of the conglomerate's stock valued at $10,233,000 after buying an additional 1,119 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Carlisle Companies by 207.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 6,256 shares of the conglomerate's stock valued at $2,307,000 after buying an additional 4,223 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Carlisle Companies by 12.9% in the 4th quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate's stock valued at $481,000 after buying an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CSL shares. Truist Financial reduced their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Robert W. Baird upped their target price 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 Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $454.00.
Check Out Our Latest Research Report on CSL
Carlisle Companies Stock Performance
Shares of NYSE CSL traded down $2.17 during midday trading on Monday, reaching $387.31. 242,402 shares of the company were exchanged, compared to its average volume of 394,436. The stock has a market cap of $16.75 billion, a P/E ratio of 14.02, a PEG ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The stock has a fifty day simple moving average of $364.58 and a 200 day simple moving average of $378.74. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.
Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $3.72 EPS. The company's revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.
Carlisle Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.03%. Carlisle Companies's payout ratio is currently 14.89%.
Carlisle Companies Profile
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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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