Marks Group Wealth Management Inc Sells 2,078 Shares of Carlisle Companies Incorporated $CSL

Marks Group Wealth Management Inc lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 9.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,836 shares of the conglomerate’s stock after selling 2,078 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Carlisle Companies were worth $6,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently 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 approximately $27,000. Torren Management LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth approximately $33,000. Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $36,000. Quarry LP purchased a new position in shares of Carlisle Companies in the 4th quarter valued at approximately $36,000. Finally, Rothschild Investment LLC lifted its stake 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 purchasing an additional 116 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James Financial began 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. Oppenheimer raised their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Robert W. Baird boosted their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Finally, Truist Financial decreased their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $402.14.

Carlisle Companies Stock Performance

Shares of CSL opened at $344.53 on Thursday. 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 cap of $13.94 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.07 and a beta of 0.85. The business’s 50 day moving average price is $348.82 and its 200-day moving average price is $355.41. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $3.61 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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 of this dividend was Monday, May 18th. Carlisle Companies’s payout ratio is currently 25.87%.

About Carlisle Companies

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.