Marks Group Wealth Management Inc Grows Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Marks Group Wealth Management Inc raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 20.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,348 shares of the conglomerate's stock after purchasing an additional 4,374 shares during the period. Marks Group Wealth Management Inc owned about 0.06% of Carlisle Companies worth $8,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC grew its stake in Carlisle Companies by 475.0% during the 4th 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 purchased a new stake in Carlisle Companies during the 1st quarter valued at about $49,000. GeoWealth Management LLC lifted its holdings in shares of Carlisle Companies by 25.0% in the 4th 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. Wayfinding Financial LLC acquired a new position in shares of Carlisle Companies in the 1st quarter valued at about $55,000. Finally, Allworth Financial LP lifted its holdings in shares of Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after buying an additional 42 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded down $3.94 during mid-day trading on Wednesday, reaching $394.64. 553,028 shares of the stock traded hands, compared to its average volume of 404,180. The business has a 50-day moving average of $385.82 and a 200 day moving average of $367.98. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The stock has a market capitalization of $17.07 billion, a PE ratio of 14.69, a PEG ratio of 1.20 and a beta of 1.03. 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 posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating 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 firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the firm earned $3.72 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced 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 1.01%. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CSL shares. Robert W. Baird boosted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, Truist Financial cut their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies has a consensus rating of "Moderate Buy" and a consensus 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.