WBH Advisory Inc. Acquires Shares of 1,147 Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• WBH Advisory Inc. has purchased 1,147 shares of Carlisle Companies Incorporated, valued at approximately $391,000, signaling increased investment in the conglomerate.
• Analysts have set varying price targets for Carlisle Companies, with a consensus rating of "Moderate Buy" and an average target price of $450.83.
• Carlisle Companies recently increased its quarterly dividend from $1.00 to $1.10 per share, reflecting its ongoing commitment to returning value to shareholders.

WBH Advisory Inc. bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,147 shares of the conglomerate's stock, valued at approximately $391,000.

A number of other large investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in Carlisle Companies by 4.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock valued at $394,244,000 after purchasing an additional 49,102 shares during the period. Madison Asset Management LLC boosted its holdings in Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock valued at $175,403,000 after purchasing an additional 113,312 shares during the period. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 505,680 shares during the period. Bessemer Group Inc. boosted its holdings in Carlisle Companies by 8.4% in the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock valued at $171,880,000 after purchasing an additional 39,329 shares during the period. Finally, Northern Trust Corp boosted its holdings in Carlisle Companies by 20.7% in the 4th quarter. Northern Trust Corp now owns 488,608 shares of the conglomerate's stock valued at $180,218,000 after purchasing an additional 83,652 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSL. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Robert W. Baird lifted their price objective 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. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, Truist Financial dropped their price objective 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and an average price target of $450.83.

Carlisle Companies Trading Up 0.0%

NYSE CSL traded up $0.10 during trading on Monday, hitting $366.67. 553,622 shares of the company's stock traded hands, compared to its average volume of 536,698. The stock has a fifty day moving average of $385.57 and a two-hundred day moving average of $369.25. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The firm has a market cap of $15.68 billion, a P/E ratio of 18.21, a PEG ratio of 1.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. Carlisle Companies's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.24 earnings per share. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is currently 22.35%.

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.