Covea Finance Takes $2.04 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Covea Finance purchased a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,000 shares of the conglomerate's stock, valued at approximately $2,043,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. TD Private Client Wealth LLC raised its stake in Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. CX Institutional purchased a new stake in shares of Carlisle Companies during the first quarter worth about $49,000. GeoWealth Management LLC raised 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 buying an additional 29 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock valued at $59,000 after buying an additional 78 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after buying an additional 53 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.4%

CSL stock traded down $1.41 during trading on Friday, reaching $354.13. 1,316,285 shares of the stock traded hands, compared to its average volume of 393,995. The firm has a market capitalization of $15.32 billion, a PE ratio of 13.18, a P/E/G ratio of 1.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69. The business's 50 day moving average price is $377.40 and its 200-day moving average price is $368.54. 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 released its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $3.72 EPS. The company's revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio is presently 14.89%.

Analyst Ratings Changes

Several research firms recently commented on CSL. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Robert W. Baird increased their price objective 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. Truist Financial decreased 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 report on Thursday, April 24th. Finally, Zelman & Associates raised shares of 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 four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $454.00.

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.