Copeland Capital Management LLC Buys 15,519 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Copeland Capital Management LLC grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,359 shares of the conglomerate's stock after buying an additional 15,519 shares during the quarter. Copeland Capital Management LLC owned 0.21% of Carlisle Companies worth $31,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CSL. Norges Bank purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at $208,095,000. Wells Fargo & Company MN raised its position in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after buying an additional 538,990 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after buying an additional 505,680 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at $148,208,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Carlisle Companies during the 4th quarter valued at $118,038,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CSL. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Truist Financial reduced their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price on the stock. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Robert W. Baird raised their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $461.67.

Carlisle Companies Stock Down 0.6%

Shares of NYSE CSL traded down $2.43 on Friday, reaching $374.55. 664,884 shares of the company's stock traded hands, compared to its average volume of 393,847. The business's 50 day simple moving average is $379.37 and its two-hundred day simple moving average is $366.93. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. 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 posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS 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 firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the company posted $3.72 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.07%. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

About Carlisle Companies

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.