Hennessy Advisors Inc. Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Hennessy Advisors Inc. purchased a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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 business. TD Private Client Wealth LLC boosted its holdings in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. CX Institutional bought a new stake in shares of Carlisle Companies during the 1st quarter worth about $49,000. GeoWealth Management LLC lifted its holdings in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after buying an additional 29 shares during the period. Farther Finance Advisors LLC grew its position in Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after buying an additional 78 shares during the last quarter. Finally, Quarry LP raised its holdings in Carlisle Companies by 39.8% during the 4th quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after buying an additional 53 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 0.4%

CSL traded up $1.54 during midday trading on Monday, hitting $358.48. The company had a trading volume of 604,674 shares, compared to its average volume of 396,962. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The stock's 50 day moving average price is $375.58 and its 200 day moving average price is $371.70. 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 has a market capitalization of $15.51 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.03 and a beta of 1.06.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $3.72 EPS. The company's revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal 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 given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio is presently 14.89%.

Analyst Upgrades and Downgrades

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

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.