Centerstone Investors LLC decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,952 shares of the conglomerate's stock after selling 1,784 shares during the quarter. Carlisle Companies comprises about 2.1% of Centerstone Investors LLC's portfolio, making the stock its 19th biggest holding. Centerstone Investors LLC's holdings in Carlisle Companies were worth $1,458,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. TD Private Client Wealth LLC grew its stake in Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. GeoWealth Management LLC grew its position in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after purchasing an additional 29 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after acquiring an additional 78 shares during the last quarter. Quarry LP boosted its position in shares of Carlisle Companies by 39.8% during the 4th quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after acquiring an additional 53 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 67 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CSL shares. 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 research note on Thursday, April 24th. Robert W. Baird lifted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $454.00.
Check Out Our Latest Analysis on CSL
Carlisle Companies Trading Down 1.7%
Shares of CSL stock traded down $6.61 during trading hours on Wednesday, hitting $392.33. The company had a trading volume of 75,360 shares, compared to its average volume of 392,934. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The stock has a market capitalization of $16.97 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. The company's fifty day moving average is $365.77 and its 200 day moving average is $378.88. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.
Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.09 billion. During the same quarter in the previous year, the company earned $3.72 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.
Carlisle Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's payout ratio is 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.
Featured Stories
Before you consider Carlisle Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carlisle Companies wasn't on the list.
While Carlisle Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
