Focus Partners Wealth Purchases 221,155 Shares of Carlisle Companies Incorporated $CSL

Focus Partners Wealth raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 20,707.4% in the fourth quarter, HoldingsChannel reports. The firm owned 222,223 shares of the conglomerate’s stock after acquiring an additional 221,155 shares during the period. Focus Partners Wealth’s holdings in Carlisle Companies were worth $71,080,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Oppenheimer lifted their price target on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. JPMorgan Chase & Co. lifted their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Finally, Truist Financial raised their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $343.93 on Monday. The business’s 50 day moving average is $346.47 and its two-hundred day moving average is $350.35. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The company has a market capitalization of $13.92 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.08 and a beta of 0.86. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

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

Carlisle Companies Dividend Announcement

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