First National Advisers LLC Purchases Shares of 1,514 Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• First National Advisers LLC has acquired a new stake in Carlisle Companies, purchasing 1,514 shares valued at approximately $516,000.
• Analysts have varied views on Carlisle Companies, with JPMorgan Chase & Co. issuing an "overweight" rating and price target of $500, while others have modified their ratings and targets for the stock.
• Carlisle Companies recently announced a quarterly dividend of $1.00 per share, which results in an annualized dividend of $4.00 and a yield of 0.92%.

First National Advisers LLC purchased a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,514 shares of the conglomerate's stock, valued at approximately $516,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC lifted its stake in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after acquiring an additional 29 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of Carlisle Companies by 2.1% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock valued at $506,000 after acquiring an additional 31 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after acquiring an additional 38 shares during the last quarter. Net Worth Advisory Group lifted its stake in shares of Carlisle Companies by 2.8% in the 1st quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate's stock valued at $517,000 after acquiring an additional 41 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after acquiring an additional 42 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSL shares. Truist Financial dropped their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Robert W. Baird increased their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Stock Down 11.9%

Shares of CSL stock traded down $48.99 on Thursday, reaching $361.58. 639,966 shares of the company were exchanged, compared to its average volume of 455,103. The company has a market cap of $15.64 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.27 and a beta of 1.03. The company has a 50-day moving average of $389.89 and a 200-day moving average of $371.42. 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 one year low of $311.41 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 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 last year, the company earned $6.24 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

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.