MV Capital Management Inc. Has $109,000 Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

MV Capital Management Inc. grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 27.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321 shares of the conglomerate’s stock after buying an additional 70 shares during the quarter. MV Capital Management Inc.’s holdings in Carlisle Companies were worth $109,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Apollon Wealth Management LLC boosted its position in Carlisle Companies by 28.7% in the fourth quarter. Apollon Wealth Management LLC now owns 1,808 shares of the conglomerate’s stock worth $667,000 after purchasing an additional 403 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Carlisle Companies by 8.1% in the fourth quarter. Stephens Inc. AR now owns 1,039 shares of the conglomerate’s stock worth $383,000 after acquiring an additional 78 shares during the period. Quent Capital LLC grew its holdings in Carlisle Companies by 144.2% during the 4th quarter. Quent Capital LLC now owns 337 shares of the conglomerate’s stock valued at $124,000 after buying an additional 199 shares in the last quarter. Van ECK Associates Corp increased its holdings in Carlisle Companies by 1.2% during the 4th quarter. Van ECK Associates Corp now owns 7,827 shares of the conglomerate’s stock worth $2,887,000 after acquiring an additional 90 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock worth $7,695,000 after purchasing an additional 1,102 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CSL. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Robert W. Baird boosted their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Three research 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.com, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus target price of $454.00.

Carlisle Companies Trading Down 2.6%

NYSE:CSL opened at $368.57 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company’s 50-day simple moving average is $374.03 and its 200 day simple moving average is $374.33. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The firm has a market capitalization of $15.94 billion, a P/E ratio of 13.34, a PEG ratio of 1.03 and a beta of 1.06.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $3.72 EPS. Carlisle Companies’s revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts forecast 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. Shareholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies’s dividend payout ratio (DPR) is 14.89%.

Carlisle Companies Company Profile

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.