Moran Wealth Management LLC Decreases Stake in Carlisle Companies Incorporated $CSL

Moran Wealth Management LLC reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSLFree Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,126 shares of the conglomerate’s stock after selling 1,372 shares during the quarter. Moran Wealth Management LLC owned 0.07% of Carlisle Companies worth $10,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CSL. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies in the 4th quarter worth about $27,000. Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at about $36,000. Torren Management LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at about $33,000. Quarry LP bought a new stake in shares of Carlisle Companies in the fourth quarter worth approximately $36,000. Finally, Rothschild Investment LLC grew its stake in shares of Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after acquiring an additional 116 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Oppenheimer lifted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Finally, Raymond James Financial initiated coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and a consensus price target of $405.00.

Check Out Our Latest Stock Report on CSL

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $366.37 on Friday. The firm’s 50 day moving average price is $351.74 and its 200-day moving average price is $354.68. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month 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 stock has a market capitalization of $14.83 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

Carlisle Companies (NYSE:CSLGet Free Report) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $3.61 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s payout ratio is presently 25.87%.

Carlisle Companies 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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