Carlisle Companies Incorporated (NYSE:CSL) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada increased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 253,427 shares of the conglomerate's stock after buying an additional 3,504 shares during the quarter. Royal Bank of Canada owned 0.56% of Carlisle Companies worth $93,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Carlisle Companies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock worth $502,239,000 after buying an additional 29,799 shares in the last quarter. Franklin Resources Inc. raised its stake in Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock valued at $440,476,000 after purchasing an additional 17,206 shares in the last quarter. JPMorgan Chase & Co. grew its position in Carlisle Companies by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock valued at $418,617,000 after acquiring an additional 34,021 shares during the last quarter. Wells Fargo & Company MN grew its position in Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after acquiring an additional 538,990 shares during the last quarter. Finally, Norges Bank bought a new position in Carlisle Companies during the fourth quarter valued at approximately $208,095,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL stock traded down $2.17 during trading hours on Friday, reaching $387.31. 242,402 shares of the company traded hands, compared to its average volume of 394,436. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company has a market cap of $16.75 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.03 and a beta of 1.07. The firm has a 50-day moving average price of $363.80 and a 200 day moving average price of $379.19.

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, topping analysts' consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.72 EPS. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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 $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. 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 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. Truist Financial dropped their price target 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. Finally, Zelman & Associates raised 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 four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $454.00.

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.