Envestnet Asset Management Inc. Increases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Envestnet Asset Management Inc. raised its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,823 shares of the conglomerate's stock after acquiring an additional 17,667 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.46% of Carlisle Companies worth $68,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CSL. Proficio Capital Partners LLC bought a new position in Carlisle Companies in the 4th quarter valued at approximately $23,535,000. Raymond James Financial Inc. acquired a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $29,839,000. Farther Finance Advisors LLC grew 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 during the period. Tredje AP fonden grew its position in Carlisle Companies by 282.6% in the 4th quarter. Tredje AP fonden now owns 29,776 shares of the conglomerate's stock valued at $10,983,000 after purchasing an additional 21,993 shares during the period. Finally, Achmea Investment Management B.V. grew its position in Carlisle Companies by 78.4% in the 4th quarter. Achmea Investment Management B.V. now owns 35,823 shares of the conglomerate's stock valued at $13,213,000 after purchasing an additional 15,740 shares during the period. Institutional investors own 89.52% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CSL. Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective on the stock. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Robert W. Baird lifted their target price 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. Finally, Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $461.67.

Carlisle Companies Price Performance

CSL stock traded down $3.36 during midday trading on Friday, reaching $412.59. The company had a trading volume of 364,309 shares, compared to its average volume of 400,674. 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 1 year low of $311.41 and a 1 year high of $481.26. The company has a market capitalization of $17.84 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.25 and a beta of 1.03. The firm has a 50-day moving average price of $384.80 and a 200-day moving average price of $367.42.

Carlisle Companies (NYSE:CSL - Get Free Report) last released 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. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the company earned $3.72 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared 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 of this dividend was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.97%. Carlisle Companies's dividend payout ratio is currently 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.