DekaBank Deutsche Girozentrale Raises Stake in Carlisle Companies Incorporated (NYSE:CSL)

DekaBank Deutsche Girozentrale raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,416 shares of the conglomerate's stock after buying an additional 672 shares during the period. DekaBank Deutsche Girozentrale's holdings in Carlisle Companies were worth $4,207,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Carlisle Companies in the 4th quarter worth about $23,535,000. Raymond James Financial Inc. purchased a new stake in shares of Carlisle Companies in the 4th quarter worth about $29,839,000. Farther Finance Advisors LLC lifted its position 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 purchasing an additional 78 shares during the period. Catalyst Funds Management Pty Ltd lifted its position in shares of Carlisle Companies by 287.5% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 3,100 shares of the conglomerate's stock worth $1,143,000 after purchasing an additional 2,300 shares during the period. Finally, Natixis Advisors LLC lifted its position in shares of Carlisle Companies by 0.3% in the 4th quarter. Natixis Advisors LLC now owns 136,330 shares of the conglomerate's stock worth $50,284,000 after purchasing an additional 466 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of CSL stock traded down $3.36 during trading hours on Friday, reaching $412.59. The company had a trading volume of 364,309 shares, compared to its average volume of 401,031. The business has a fifty day moving average price of $384.80 and a 200-day moving average price of $367.36. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The firm has a market cap of $17.85 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58.

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

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Monday, May 19th. Carlisle Companies's payout ratio is 14.89%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSL. Robert W. Baird increased their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Truist Financial decreased their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus target price 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.