Apollon Wealth Management LLC trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 56.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 785 shares of the conglomerate's stock after selling 1,023 shares during the period. Apollon Wealth Management LLC's holdings in Carlisle Companies were worth $267,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSL. Invesco Ltd. lifted its stake 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 in the last quarter. Franklin Resources Inc. lifted its stake in shares of Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after buying an additional 17,206 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Carlisle Companies by 4.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock worth $394,244,000 after buying an additional 49,102 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after buying an additional 34,021 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after buying an additional 538,990 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CSL has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set 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 report on Friday, May 16th. Truist Financial cut their price objective 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. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, Robert W. Baird raised their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $461.67.
View Our Latest Stock Report on CSL
Carlisle Companies Trading Up 1.1%
Shares of CSL traded up $4.83 during trading on Thursday, reaching $429.29. 394,794 shares of the company traded hands, compared to its average volume of 442,015. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The stock has a market cap of $18.57 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03. The stock has a 50-day simple moving average of $388.10 and a 200-day simple moving average of $369.93. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87.
Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share 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 business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the business earned $3.72 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.
Carlisle Companies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio is presently 14.89%.
Carlisle Companies Profile
(
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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