Vest Financial LLC Invests $17.05 Million in Carlisle Companies Incorporated (NYSE:CSL)

Vest Financial LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the 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 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CSL. Asset Management One Co. Ltd. lifted its stake in Carlisle Companies by 5.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock valued at $7,695,000 after buying an additional 1,102 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after acquiring an additional 38 shares during the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of Carlisle Companies by 6.0% during the 4th quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate's stock worth $1,614,000 after buying an additional 248 shares during the last quarter. MV Capital Management Inc. increased its holdings in shares of Carlisle Companies by 253.5% during the 4th quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate's stock worth $93,000 after buying an additional 180 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Carlisle Companies by 3.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after buying an additional 34,021 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Robert W. Baird lifted their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Truist Financial dropped their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $454.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $0.41 on Friday, reaching $378.27. The company's stock had a trading volume of 315,833 shares, compared to its average volume of 394,386. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week 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 stock's 50-day moving average is $371.53 and its two-hundred day moving average is $375.68. The stock has a market capitalization of $16.36 billion, a P/E ratio of 13.69, a PEG ratio of 1.03 and a beta of 1.06.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data 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 net margin of 26.22% and a return on equity of 34.37%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $3.72 earnings per share. The firm's revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast 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. Investors of record on Monday, May 19th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

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.