Westwood Holdings Group Inc. Acquires New Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Westwood Holdings Group Inc. purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 743 shares of the conglomerate's stock, valued at approximately $274,000.

A number of other large investors have also made changes to their positions in the company. Diversify Advisory Services LLC grew its stake in shares of Carlisle Companies by 1.7% during the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate's stock valued at $586,000 after acquiring an additional 26 shares during the period. GeoWealth Management LLC grew its stake in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after acquiring an additional 29 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Carlisle Companies by 2.7% during 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 period. Metis Global Partners LLC grew its stake in shares of Carlisle Companies by 6.4% during the 4th quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate's stock valued at $238,000 after acquiring an additional 39 shares during the period. Finally, TIAA Trust National Association grew its stake in shares of Carlisle Companies by 9.2% during the 4th quarter. TIAA Trust National Association now owns 581 shares of the conglomerate's stock valued at $214,000 after acquiring an additional 49 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL traded down $2.17 during mid-day trading on Friday, hitting $387.31. 242,402 shares of the stock were exchanged, compared to its average volume of 394,436. The company has a market cap of $16.75 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The firm has a 50-day moving average of $363.80 and a two-hundred day moving average of $379.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

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, 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 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 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 1.03%. Carlisle Companies's payout ratio is presently 14.89%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CSL. 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 research note on Thursday, April 24th. Truist Financial cut their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Carlisle Companies has a consensus rating of "Moderate Buy" and an average target price 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.