Daymark Wealth Partners LLC Makes New $879,000 Investment in Carlisle Companies Incorporated (NYSE:CSL)

Daymark Wealth Partners LLC purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,581 shares of the conglomerate's stock, valued at approximately $879,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSL. TD Private Client Wealth LLC raised its position in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after buying an additional 57 shares in the last quarter. CX Institutional bought a new stake in shares of Carlisle Companies during the 1st quarter worth about $49,000. GeoWealth Management LLC raised its position in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after buying an additional 29 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Carlisle Companies by 95.1% during the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after buying an additional 78 shares in the last quarter. Finally, Quarry LP raised 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 worth $69,000 after buying an additional 53 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Truist Financial lowered their price objective 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. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. started coverage on shares of Carlisle Companies in a research note on Tuesday. They issued an "overweight" rating and a $500.00 price objective on the stock. Finally, Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $461.67.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $377.41 on Friday. The firm's 50 day simple moving average is $378.94 and its 200-day simple moving average is $367.70. The company has a market cap of $16.32 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 1.12 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. 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 released its earnings results 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $3.72 earnings per share. As a group, equities research analysts predict 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 was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is currently 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.

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