Cooke & Bieler LP Acquires Shares of 217,605 Carlisle Companies Incorporated (NYSE:CSL)

Cooke & Bieler LP acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 217,605 shares of the conglomerate's stock, valued at approximately $74,095,000. Cooke & Bieler LP owned approximately 0.50% of Carlisle Companies at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Tributary Capital Management LLC grew its holdings in shares of Carlisle Companies by 4.3% during the 1st quarter. Tributary Capital Management LLC now owns 3,479 shares of the conglomerate's stock worth $1,185,000 after purchasing an additional 142 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Carlisle Companies by 45.4% in the 1st quarter. Verdence Capital Advisors LLC now owns 2,637 shares of the conglomerate's stock valued at $898,000 after buying an additional 823 shares in the last quarter. Welch & Forbes LLC boosted its stake in Carlisle Companies by 26.6% in the 1st quarter. Welch & Forbes LLC now owns 118,051 shares of the conglomerate's stock valued at $40,197,000 after buying an additional 24,803 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Carlisle Companies by 2.8% in the 1st quarter. Segall Bryant & Hamill LLC now owns 38,394 shares of the conglomerate's stock valued at $13,073,000 after buying an additional 1,036 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Carlisle Companies by 112.3% in the 1st quarter. Victory Capital Management Inc. now owns 240,516 shares of the conglomerate's stock valued at $81,896,000 after buying an additional 127,234 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Trading Up 0.8%

NYSE CSL traded up $3.13 on Friday, reaching $410.10. The company had a trading volume of 307,380 shares, compared to its average volume of 403,637. The stock's 50 day moving average is $386.14 and its 200-day moving average is $368.24. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.18 and a beta of 1.03. 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 Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. Carlisle Companies's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.72 earnings per share. Equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 0.98%. Carlisle Companies's payout ratio is presently 14.89%.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Truist Financial cut their price objective on 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 lifted their price objective on 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $461.67.

Carlisle Companies 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.