Welch & Forbes LLC Increases Stake in Carlisle Companies Incorporated (NYSE:CSL)

Welch & Forbes LLC increased its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,051 shares of the conglomerate's stock after buying an additional 24,803 shares during the quarter. Welch & Forbes LLC owned 0.27% of Carlisle Companies worth $40,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CSL. TD Private Client Wealth LLC boosted its holdings in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after buying an additional 57 shares in the last quarter. CX Institutional bought a new position in shares of Carlisle Companies during the 1st quarter worth approximately $49,000. GeoWealth Management LLC boosted its holdings in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after buying an additional 29 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Carlisle Companies during the 1st quarter worth approximately $55,000. Finally, Allworth Financial LP lifted its holdings in shares of Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CSL shares. Robert W. Baird increased their target price on 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. started coverage on Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Truist Financial lowered their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.67.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded down $0.68 during trading hours on Friday, hitting $406.29. 64,094 shares of the company's stock traded hands, compared to its average volume of 402,684. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.18 and a beta of 1.03. The company has a fifty day simple moving average of $386.14 and a 200-day simple moving average of $368.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69.

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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $3.72 EPS. The business's revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

About Carlisle Companies

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.