FORA Capital LLC Takes $2.92 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

FORA Capital LLC acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,910 shares of the conglomerate's stock, valued at approximately $2,918,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. increased its stake in Carlisle Companies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock worth $502,239,000 after purchasing an additional 29,799 shares during the period. Franklin Resources Inc. increased its stake in Carlisle Companies by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after purchasing an additional 17,206 shares during the period. JPMorgan Chase & Co. increased its stake in Carlisle Companies by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after purchasing an additional 34,021 shares during the period. Wells Fargo & Company MN increased its stake in Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after purchasing an additional 538,990 shares during the period. Finally, Norges Bank purchased a new stake in Carlisle Companies during the fourth quarter worth about $208,095,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 0.2%

CSL traded down $0.67 on Friday, reaching $390.52. The company's stock had a trading volume of 298,388 shares, compared to its average volume of 393,793. The stock has a 50 day moving average of $351.12 and a two-hundred day moving average of $381.27. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.72 earnings per share. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

Analysts Set New Price Targets

CSL has been the topic of a number of recent research reports. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Truist Financial cut their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Robert W. Baird upped their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, StockNews.com upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $454.00.

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.