Parr Mcknight Wealth Management Group LLC Invests $1.52 Million in Carlisle Companies Incorporated (NYSE:CSL)

Parr Mcknight Wealth Management Group LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,128 shares of the conglomerate's stock, valued at approximately $1,523,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. GeoWealth Management LLC raised its holdings in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after acquiring an additional 29 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Carlisle Companies by 2.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after acquiring an additional 38 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Carlisle Companies by 6.4% in the fourth quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate's stock valued at $238,000 after acquiring an additional 39 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of Carlisle Companies by 9.2% in the fourth quarter. TIAA Trust National Association now owns 581 shares of the conglomerate's stock valued at $214,000 after acquiring an additional 49 shares in the last quarter. Finally, MorganRosel Wealth Management LLC raised its holdings in shares of Carlisle Companies by 1.9% in the fourth quarter. MorganRosel Wealth Management LLC now owns 2,833 shares of the conglomerate's stock valued at $1,045,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CSL shares. Robert W. Baird lifted their target price on Carlisle Companies from $455.00 to $460.00 and gave the company 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. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Truist Financial dropped their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $454.00.

Carlisle Companies Stock Down 0.2%

Shares of CSL stock traded down $0.73 during trading hours on Thursday, reaching $387.39. 72,774 shares of the company's stock were exchanged, compared to its average volume of 392,603. The stock's fifty day moving average price is $366.80 and its two-hundred day moving average price is $378.95. The stock has a market cap of $16.76 billion, a PE ratio of 14.02, a PEG ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its 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. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $3.72 earnings per share. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. Research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's payout ratio is presently 14.89%.

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.