Carlisle Companies Incorporated (NYSE:CSL) Holdings Boosted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 45.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,637 shares of the conglomerate's stock after purchasing an additional 823 shares during the quarter. Verdence Capital Advisors LLC's holdings in Carlisle Companies were worth $898,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $208,095,000. Wells Fargo & Company MN raised its stake in Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after purchasing an additional 538,990 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Carlisle Companies by 38,164.5% in the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after buying an additional 505,680 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth about $118,038,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Carlisle Companies in the 4th quarter worth about $55,104,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analyst Weigh In

CSL has been the topic of several research analyst reports. 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. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price for the company. Truist Financial decreased their target price 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. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $461.67.

Carlisle Companies Trading Up 0.8%

CSL traded up $3.13 during trading hours on Friday, reaching $410.10. 307,380 shares of the company's stock traded hands, compared to its average volume of 404,101. The firm has a 50-day moving average price of $386.54 and a 200 day moving average price of $368.53. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $17.74 billion, a PE ratio of 15.27, a PEG ratio of 1.23 and a beta of 1.03.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $3.72 EPS. The firm's quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

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.