IFM Investors Pty Ltd Buys 917 Shares of Carlisle Companies Incorporated (NYSE:CSL)

IFM Investors Pty Ltd lifted its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,147 shares of the conglomerate's stock after acquiring an additional 917 shares during the quarter. IFM Investors Pty Ltd's holdings in Carlisle Companies were worth $4,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC lifted its stake in shares of Carlisle Companies by 348.4% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,861 shares of the conglomerate's stock valued at $974,000 after purchasing an additional 2,223 shares during the last quarter. MBA Advisors LLC bought a new position in Carlisle Companies in the 1st quarter worth $201,000. Summit Place Financial Advisors LLC raised its holdings in Carlisle Companies by 4.8% in the 1st quarter. Summit Place Financial Advisors LLC now owns 8,263 shares of the conglomerate's stock worth $2,814,000 after acquiring an additional 378 shares during the period. Mutual Advisors LLC raised its holdings in Carlisle Companies by 40.9% in the 1st quarter. Mutual Advisors LLC now owns 1,203 shares of the conglomerate's stock worth $451,000 after acquiring an additional 349 shares during the period. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Carlisle Companies by 10.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 816 shares of the conglomerate's stock worth $278,000 after purchasing an additional 75 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

CSL stock traded up $4.06 during trading hours on Tuesday, reaching $401.14. The stock had a trading volume of 752,001 shares, compared to its average volume of 397,543. The stock has a market capitalization of $17.35 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69. The stock has a 50-day simple moving average of $382.48 and a 200 day simple moving average of $366.34. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The firm had revenue of $1.10 billion during 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 company's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $3.72 earnings per share. Analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective on the stock. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Truist Financial dropped their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. 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 research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $461.67.

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.