Walleye Capital LLC decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 77.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,657 shares of the conglomerate’s stock after selling 19,439 shares during the period. Walleye Capital LLC’s holdings in Carlisle Companies were worth $1,887,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in CSL. MML Investors Services LLC increased its position in Carlisle Companies by 1.1% in the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock valued at $799,000 after acquiring an additional 27 shares in the last quarter. Raiffeisen Bank International AG lifted its position in shares of Carlisle Companies by 12.8% during the fourth quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock worth $80,000 after purchasing an additional 28 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Carlisle Companies by 1.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after purchasing an additional 29 shares in the last quarter. Boston Common Asset Management LLC grew its stake in shares of Carlisle Companies by 0.6% during the first quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock valued at $1,731,000 after purchasing an additional 30 shares during the last quarter. Finally, Next Level Private LLC grew its stake in shares of Carlisle Companies by 0.3% during the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock valued at $4,092,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CSL. Truist Financial dropped their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer lifted their target price on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Finally, Robert W. Baird lowered their price objective on Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating for the company in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $399.29.
Carlisle Companies Trading Up 1.2%
Shares of NYSE CSL opened at $331.58 on Friday. The company’s 50 day simple moving average is $346.49 and its 200 day simple moving average is $355.81. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The firm has a market capitalization of $13.42 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.04 and a beta of 0.85. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58.
Carlisle Companies (NYSE:CSL – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $3.61 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 21.07 EPS for the current year.
Carlisle Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.
Carlisle Companies Profile
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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