Wealth Enhancement Advisory Services LLC Boosts Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 105.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,795 shares of the conglomerate's stock after buying an additional 11,170 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Carlisle Companies were worth $8,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. Janney Montgomery Scott LLC purchased a new stake in Carlisle Companies during the 4th quarter valued at about $2,189,000. Blue Trust Inc. grew its stake in Carlisle Companies by 26.0% during the 4th quarter. Blue Trust Inc. now owns 910 shares of the conglomerate's stock valued at $336,000 after purchasing an additional 188 shares during the last quarter. Caprock Group LLC grew its stake in Carlisle Companies by 16.6% during the 4th quarter. Caprock Group LLC now owns 921 shares of the conglomerate's stock valued at $340,000 after purchasing an additional 131 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in Carlisle Companies during the 4th quarter valued at about $228,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Carlisle Companies by 947.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,982 shares of the conglomerate's stock valued at $6,264,000 after purchasing an additional 15,361 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

NYSE CSL traded down $2.79 during trading hours on Thursday, reaching $379.09. The company's stock had a trading volume of 265,340 shares, compared to its average volume of 394,159. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.03 and a beta of 1.06. 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's 50-day moving average is $370.84 and its two-hundred day moving average is $376.07.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $3.72 EPS. Carlisle Companies's quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 1.06%. Carlisle Companies's dividend payout ratio (DPR) is currently 14.89%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CSL shares. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Robert W. Baird boosted 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. Truist Financial reduced 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. Finally, Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $454.00.

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.