Parsons Capital Management Inc. RI Decreases Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Parsons Capital Management Inc. RI trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,793 shares of the conglomerate’s stock after selling 193 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Carlisle Companies were worth $2,654,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. TD Private Client Wealth LLC raised its position in shares of Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. GeoWealth Management LLC raised its position in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 78 shares during the last quarter. Quarry LP raised its position in shares of Carlisle Companies by 39.8% in the 4th quarter. Quarry LP now owns 186 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 53 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Carlisle Companies in the 4th quarter valued at approximately $93,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, Truist Financial decreased their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $454.00.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $378.74 on Wednesday. The firm has a market cap of $16.38 billion, a PE ratio of 13.71, a PEG ratio of 1.03 and a beta of 1.06. The firm has a fifty day moving average of $373.19 and a 200 day moving average of $374.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping the consensus estimate of $3.53 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.72 EPS. As a group, research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies’s payout ratio is 14.89%.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.