Fullcircle Wealth LLC Invests $253,000 in Carlisle Companies Incorporated (NYSE:CSL)

Fullcircle Wealth LLC acquired a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 670 shares of the conglomerate's stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Carlisle Companies by 118.3% during the fourth quarter. Jones Financial Companies Lllp now owns 753 shares of the conglomerate's stock worth $278,000 after purchasing an additional 408 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Carlisle Companies in the 4th quarter valued at about $23,535,000. Raymond James Financial Inc. purchased a new position in Carlisle Companies in the 4th quarter valued at about $29,839,000. Callan Family Office LLC purchased a new position in Carlisle Companies in the 4th quarter worth approximately $333,000. Finally, Daiwa Securities Group Inc. lifted its stake in Carlisle Companies by 1.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,655 shares of the conglomerate's stock worth $7,250,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

CSL traded up $5.87 on Thursday, hitting $418.41. 188,296 shares of the company traded hands, compared to its average volume of 399,142. The company has a 50 day moving average of $383.58 and a 200-day moving average of $366.90. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $18.10 billion, a PE ratio of 15.58, a PEG ratio of 1.20 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 posted its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The firm's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.72 EPS. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio is presently 14.89%.

Wall Street Analyst Weigh In

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

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.