MassMutual Private Wealth & Trust FSB Grows Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 253.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,088 shares of the conglomerate's stock after buying an additional 15,832 shares during the quarter. MassMutual Private Wealth & Trust FSB owned 0.05% of Carlisle Companies worth $7,521,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC raised its holdings in shares of Carlisle Companies by 475.0% in 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 in the last quarter. GeoWealth Management LLC raised 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 purchasing an additional 29 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 78 shares in the last quarter. Quarry LP raised its holdings in shares of Carlisle Companies by 39.8% in the 4th quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 53 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $93,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 1.8%

Shares of NYSE CSL traded down $7.08 during mid-day trading on Friday, reaching $380.26. The company had a trading volume of 759,954 shares, compared to its average volume of 395,159. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The firm has a 50 day simple moving average of $368.20 and a two-hundred day simple moving average of $377.45. The stock has a market cap of $16.45 billion, a P/E ratio of 13.76, a PEG ratio of 1.03 and a beta of 1.07. 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 (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $3.72 EPS. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's payout ratio is currently 14.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSL. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Truist Financial reduced their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Robert W. Baird raised their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $454.00.

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.