Centerstone Investors LLC Cuts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Centerstone Investors LLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,952 shares of the conglomerate's stock after selling 1,784 shares during the quarter. Carlisle Companies accounts for 2.1% of Centerstone Investors LLC's investment portfolio, making the stock its 19th biggest position. Centerstone Investors LLC's holdings in Carlisle Companies were worth $1,458,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Carlisle Companies by 31.3% in the third quarter. Barclays PLC now owns 60,920 shares of the conglomerate's stock worth $27,399,000 after buying an additional 14,526 shares during the period. Park Avenue Securities LLC bought a new position in Carlisle Companies during the 4th quarter worth approximately $255,000. Merit Financial Group LLC increased its stake in Carlisle Companies by 27.6% in the 4th quarter. Merit Financial Group LLC now owns 1,717 shares of the conglomerate's stock worth $633,000 after purchasing an additional 371 shares during the period. HB Wealth Management LLC purchased a new position in Carlisle Companies in the 4th quarter worth approximately $364,000. Finally, UMB Bank n.a. lifted its position in 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 last quarter. 89.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CSL has been the topic of several recent analyst reports. Truist Financial cut 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. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Robert W. Baird increased their target price 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $454.00.

Carlisle Companies Stock Up 0.2%

Shares of Carlisle Companies stock opened at $389.76 on Friday. 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 Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The company has a market cap of $16.86 billion, a P/E ratio of 14.11, a PEG ratio of 1.03 and a beta of 1.07. The company's fifty day simple moving average is $362.86 and its two-hundred day simple moving average is $380.49.

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 analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm 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 firm posted $3.72 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year. Research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued 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 dividend yield of 1.03%. 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.

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