Motley Fool Wealth Management LLC Cuts Stock Position in Carlisle Companies Incorporated $CSL

Motley Fool Wealth Management LLC cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSLFree Report) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,758 shares of the conglomerate’s stock after selling 3,146 shares during the period. Motley Fool Wealth Management LLC’s holdings in Carlisle Companies were worth $3,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSL. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies during the fourth quarter worth about $27,000. Torren Management LLC purchased a new stake in shares of Carlisle Companies during the fourth quarter worth approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies during the second quarter worth approximately $36,000. SBI Securities Co. Ltd. increased its stake in shares of Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after buying an additional 34 shares during the period. Finally, Rothschild Investment LLC increased its stake in shares of Carlisle Companies by 3,866.7% during the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after buying an additional 116 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on CSL shares. Oppenheimer upped their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Raymond James Financial started coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. Truist Financial upped their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, Robert W. Baird upped their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $405.00.

Check Out Our Latest Stock Analysis on Carlisle Companies

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $348.12 on Wednesday. The firm has a market capitalization of $14.09 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.06 and a beta of 0.86. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The firm’s 50 day moving average is $346.08 and its two-hundred day moving average is $349.61.

Carlisle Companies (NYSE:CSLGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.61 earnings per share. Research analysts forecast that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio is presently 25.87%.

Carlisle Companies Company Profile

(Free Report)

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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