Sage Capital Advisors llc Acquires New Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Sage Capital Advisors llc bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,000 shares of the conglomerate's stock, valued at approximately $1,702,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CSL. Asset Management One Co. Ltd. lifted its stake in Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock worth $7,695,000 after purchasing an additional 1,102 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after purchasing an additional 38 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in Carlisle Companies by 4.2% during the fourth quarter. Mediolanum International Funds Ltd now owns 27,825 shares of the conglomerate's stock worth $10,233,000 after purchasing an additional 1,119 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in Carlisle Companies by 6.0% during the fourth quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate's stock worth $1,614,000 after purchasing an additional 248 shares during the last quarter. Finally, MV Capital Management Inc. lifted its stake in Carlisle Companies by 253.5% during the fourth quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate's stock worth $93,000 after purchasing an additional 180 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

CSL stock 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 quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $16.45 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The stock's 50-day simple moving average is $368.20 and its two-hundred day simple moving average is $377.45.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $3.72 earnings per share. Research analysts anticipate 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 will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSL. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Robert W. Baird raised their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Truist Financial cut their target price 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $454.00.

About Carlisle Companies

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.