HighTower Advisors LLC Purchases 2,684 Shares of Carlisle Companies Incorporated $CSL

Key Points

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HighTower Advisors LLC lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,253 shares of the conglomerate's stock after acquiring an additional 2,684 shares during the quarter. HighTower Advisors LLC owned about 0.05% of Carlisle Companies worth $7,918,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CSL. CX Institutional acquired a new position in shares of Carlisle Companies during the first quarter valued at approximately $49,000. GeoWealth Management LLC increased its stake in shares of Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after acquiring an additional 29 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Carlisle Companies during the first quarter valued at approximately $55,000. Allworth Financial LP increased its stake in shares of Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after acquiring an additional 42 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Carlisle Companies by 277.1% during the first quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate's stock worth $62,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Robert W. Baird lifted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Stock Down 0.7%

Shares of NYSE:CSL traded down $2.5990 during trading on Thursday, reaching $381.0610. 251,596 shares of the company traded hands, compared to its average volume of 524,937. The firm has a fifty day simple moving average of $387.03 and a 200 day simple moving average of $369.02. The firm has a market cap of $16.29 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its 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 company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $6.24 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 19th. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

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.