6,700 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,700 shares of the conglomerate's stock, valued at approximately $2,281,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Net Worth Advisory Group boosted its holdings in shares of Carlisle Companies by 2.8% in the first 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 period. Fifth Third Bancorp raised its position in Carlisle Companies by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock valued at $376,000 after purchasing an additional 114 shares during the last quarter. CX Institutional acquired a new stake in Carlisle Companies during the 1st quarter worth $49,000. MV Capital Management Inc. grew its position in Carlisle Companies by 27.9% during the 1st quarter. MV Capital Management Inc. now owns 321 shares of the conglomerate's stock worth $109,000 after purchasing an additional 70 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Carlisle Companies by 253.9% during the 1st quarter. SG Americas Securities LLC now owns 1,412 shares of the conglomerate's stock worth $481,000 after purchasing an additional 1,013 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on CSL shares. Truist Financial reduced their price objective 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. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. 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 research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and an average price target of $454.00.

Carlisle Companies Stock Down 0.3%

Carlisle Companies stock traded down $1.12 during midday trading on Thursday, hitting $354.91. 487,930 shares of the company were exchanged, compared to its average volume of 397,677. The company has a market cap of $15.35 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The company's fifty day moving average price is $376.93 and its 200-day moving average price is $370.79. 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 (NYSE:CSL - Get Free Report) last posted 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. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. 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 company posted $3.72 earnings per share. On average, research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.00 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.13%. Carlisle Companies's dividend payout ratio is currently 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.