Carlisle Companies Incorporated (NYSE:CSL) is Madison Asset Management LLC's 8th Largest Position

Madison Asset Management LLC lifted its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 28.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 515,134 shares of the conglomerate's stock after purchasing an additional 113,312 shares during the quarter. Carlisle Companies comprises approximately 2.0% of Madison Asset Management LLC's holdings, making the stock its 8th largest position. Madison Asset Management LLC owned 1.19% of Carlisle Companies worth $175,403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock valued at $502,239,000 after buying an additional 29,799 shares during the period. Franklin Resources Inc. increased its stake in shares of Carlisle Companies by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after purchasing an additional 17,206 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 worth $394,244,000 after purchasing an additional 49,102 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Carlisle Companies by 3.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after purchasing an additional 34,021 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Carlisle Companies by 692.1% in the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after purchasing an additional 538,990 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded up $5.18 during trading on Friday, reaching $434.72. 323,635 shares of the stock traded hands, compared to its average volume of 452,332. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.27 and a beta of 1.03. The business has a fifty day simple moving average of $388.10 and a two-hundred day simple moving average of $369.93. 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 Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

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 return on equity of 35.93% and a net margin of 25.24%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the firm posted $3.72 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS 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 paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 0.92%. Carlisle Companies's payout ratio is currently 14.89%.

Analysts Set New Price Targets

Several equities research analysts have recently 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. Robert W. Baird increased their price target on 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 Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Finally, Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.67.

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.