Vest Financial LLC Acquires Shares of 50,066 Carlisle Companies Incorporated (NYSE:CSL)

Vest Financial LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,066 shares of the conglomerate's stock, valued at approximately $17,047,000. Vest Financial LLC owned approximately 0.11% of Carlisle Companies at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Carlisle Companies by 122.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,768 shares of the conglomerate's stock worth $9,135,000 after purchasing an additional 13,655 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Carlisle Companies by 9.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,620 shares of the conglomerate's stock valued at $1,704,000 after purchasing an additional 400 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Carlisle Companies during the fourth quarter valued at $706,000. TFG Advisers LLC grew its position in shares of Carlisle Companies by 5.9% during the 4th quarter. TFG Advisers LLC now owns 1,406 shares of the conglomerate's stock worth $519,000 after buying an additional 78 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of Carlisle Companies by 28.7% during the 4th quarter. Apollon Wealth Management LLC now owns 1,808 shares of the conglomerate's stock valued at $667,000 after acquiring an additional 403 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

NYSE:CSL traded down $0.45 during trading hours on Tuesday, reaching $378.74. 359,182 shares of the company were exchanged, compared to its average volume of 395,180. The business has a 50 day moving average of $373.19 and a 200 day moving average of $374.37. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year 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 capitalization of $16.38 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.03 and a beta of 1.06.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly 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 34.37% and a net margin of 26.22%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $3.72 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 annualized dividend and a yield of 1.06%. Carlisle Companies's dividend payout ratio is presently 14.89%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Robert W. Baird raised their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Truist Financial cut their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.