KBC Group NV Has $4.87 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

KBC Group NV lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,294 shares of the conglomerate's stock after purchasing an additional 787 shares during the period. KBC Group NV's holdings in Carlisle Companies were worth $4,867,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Carlisle Companies by 4.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock valued at $394,244,000 after purchasing an additional 49,102 shares during the period. Copeland Capital Management LLC increased its position in Carlisle Companies by 19.9% during the first quarter. Copeland Capital Management LLC now owns 93,359 shares of the conglomerate's stock worth $31,789,000 after buying an additional 15,519 shares during the last quarter. Sylvest Advisors LLC raised its stake in Carlisle Companies by 7.0% in the first quarter. Sylvest Advisors LLC now owns 2,093 shares of the conglomerate's stock valued at $713,000 after buying an additional 137 shares during the period. Bessemer Group Inc. lifted its position in shares of Carlisle Companies by 8.4% in the first quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock valued at $171,880,000 after buying an additional 39,329 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock worth $667,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of CSL traded up $2.12 during midday trading on Friday, reaching $397.81. 237,479 shares of the stock were exchanged, compared to its average volume of 395,524. The stock's 50 day simple moving average is $382.06 and its 200 day simple moving average is $366.28. The company has a market cap of $17.21 billion, a P/E ratio of 14.81, a PEG ratio of 1.19 and a beta of 1.03. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the company earned $3.72 EPS. The business's revenue was down .1% on a year-over-year basis. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business 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 annualized dividend and a yield of 1.01%. Carlisle Companies's dividend payout ratio is presently 14.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Truist Financial dropped their price objective 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. Robert W. Baird raised their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $461.67.

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.