Fullcircle Wealth LLC Purchases New Shares in Carlisle Companies Incorporated (NYSE:CSL)

Fullcircle Wealth LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 670 shares of the conglomerate's stock, valued at approximately $253,000.

Several other hedge funds also recently bought and sold shares of CSL. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Carlisle Companies by 35.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock worth $3,902,000 after purchasing an additional 2,976 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Carlisle Companies by 2.8% in the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock worth $667,000 after buying an additional 54 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings 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 worth $535,000 after buying an additional 38 shares during the last quarter. CX Institutional bought a new stake in shares of Carlisle Companies in the 1st quarter worth about $49,000. Finally, GAMMA Investing LLC increased its holdings in shares of Carlisle Companies by 12.4% in the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock worth $507,000 after buying an additional 164 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSL. Robert W. Baird upped their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Truist Financial decreased their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective on the stock. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $461.67.

Carlisle Companies Price Performance

Shares of NYSE:CSL traded down $3.36 during midday trading on Friday, hitting $412.59. The company's stock had a trading volume of 364,309 shares, compared to its average volume of 400,674. The business's 50 day simple moving average is $384.80 and its 200 day simple moving average is $367.42. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The company has a market cap of $17.84 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.03. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $3.72 earnings per share. Carlisle Companies's quarterly revenue was down .1% compared to the same quarter last year. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid 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 dividend payout ratio (DPR) is 14.89%.

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.