Carlisle Companies Incorporated (NYSE:CSL) Stock Position Raised by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 109.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,066 shares of the conglomerate's stock after acquiring an additional 1,079 shares during the quarter. HB Wealth Management LLC's holdings in Carlisle Companies were worth $703,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CSL. New Age Alpha Advisors LLC acquired a new stake in Carlisle Companies during the fourth quarter valued at approximately $178,000. Allstate Corp acquired a new stake in Carlisle Companies during the fourth quarter valued at approximately $487,000. Arrowstreet Capital Limited Partnership raised its position in shares of Carlisle Companies by 18.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 147,621 shares of the conglomerate's stock worth $54,449,000 after purchasing an additional 23,403 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after purchasing an additional 38 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Carlisle Companies by 37.0% during the 4th quarter. National Bank of Canada FI now owns 2,455 shares of the conglomerate's stock worth $906,000 after purchasing an additional 663 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Price Performance

NYSE CSL traded down $2.24 on Friday, reaching $352.47. 975,100 shares of the stock traded hands, compared to its average volume of 463,162. The firm's fifty day simple moving average is $389.19 and its 200 day simple moving average is $371.29. 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 company has a market cap of $15.25 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.23 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 quarterly earnings results 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 firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 36.83%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $6.24 earnings per share. As a group, research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CSL has been the topic of a number of research reports. Robert W. Baird increased their price target on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $430.00 to $395.00 in a research report on Thursday. JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price target on the stock. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, Truist Financial decreased their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $450.83.

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.