GAMMA Investing LLC Buys 505,680 Shares of Carlisle Companies Incorporated (NYSE:CSL)

GAMMA Investing LLC increased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 38,164.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 507,005 shares of the conglomerate's stock after acquiring an additional 505,680 shares during the period. GAMMA Investing LLC owned about 1.15% of Carlisle Companies worth $172,635,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC increased its holdings in shares of Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after buying an additional 57 shares during the period. GeoWealth Management LLC grew its position in Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after acquiring an additional 29 shares during the last quarter. Farther Finance Advisors LLC increased its stake in 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. Quarry LP lifted its position in Carlisle Companies by 39.8% in the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 53 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in Carlisle Companies in the fourth quarter valued at approximately $93,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of several analyst reports. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Truist Financial lowered their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, Robert W. Baird increased their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $454.00.

Carlisle Companies Trading Up 1.0%

Shares of CSL traded up $3.94 during trading hours on Wednesday, reaching $382.27. 156,217 shares of the company traded hands, compared to its average volume of 393,300. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The company's fifty day moving average price is $369.28 and its two-hundred day moving average price is $376.44. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.03 and a beta of 1.06.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.72 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 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.