Twin Capital Management Inc. Invests $701,000 in Carlisle Companies Incorporated (NYSE:CSL)

Twin Capital Management Inc. purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,059 shares of the conglomerate's stock, valued at approximately $701,000.

Other institutional investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC raised its stake in Carlisle Companies by 14.5% during the 1st quarter. Impact Partnership Wealth LLC now owns 1,107 shares of the conglomerate's stock worth $377,000 after buying an additional 140 shares during the period. Cooke & Bieler LP acquired a new position in Carlisle Companies during the 1st quarter worth approximately $74,095,000. Tributary Capital Management LLC raised its stake in Carlisle Companies by 4.3% during the 1st quarter. Tributary Capital Management LLC now owns 3,479 shares of the conglomerate's stock worth $1,185,000 after buying an additional 142 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Carlisle Companies by 45.4% in the first quarter. Verdence Capital Advisors LLC now owns 2,637 shares of the conglomerate's stock worth $898,000 after purchasing an additional 823 shares during the last quarter. Finally, Welch & Forbes LLC raised its stake in shares of Carlisle Companies by 26.6% in the first quarter. Welch & Forbes LLC now owns 118,051 shares of the conglomerate's stock worth $40,197,000 after purchasing an additional 24,803 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Up 0.6%

Shares of CSL stock traded up $2.47 during midday trading on Thursday, reaching $426.93. 128,887 shares of the stock were exchanged, compared to its average volume of 451,957. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company's 50 day moving average is $387.00 and its two-hundred day moving average is $369.14. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. The firm has a market cap of $18.46 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the firm posted $3.72 EPS. The business's revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.00 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. Carlisle Companies's dividend payout ratio is currently 14.89%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial reduced their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Robert W. Baird lifted their price target 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 report on Monday, April 14th. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $461.67.

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.