2,913 Shares in Carlisle Companies Incorporated (NYSE:CSL) Purchased by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,913 shares of the conglomerate’s stock, valued at approximately $992,000.

Other large investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its position in Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock valued at $535,000 after buying an additional 38 shares during the period. CX Institutional purchased a new stake in Carlisle Companies in the 1st quarter valued at about $49,000. Fifth Third Bancorp boosted its position in Carlisle Companies by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate’s stock valued at $376,000 after buying an additional 114 shares during the period. Tocqueville Asset Management L.P. boosted its position in Carlisle Companies by 6.0% in the 4th quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate’s stock valued at $1,614,000 after buying an additional 248 shares during the period. Finally, MV Capital Management Inc. boosted its position in Carlisle Companies by 253.5% in the 4th quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate’s stock valued at $93,000 after buying an additional 180 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.4%

NYSE:CSL opened at $354.13 on Friday. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The firm has a market cap of $15.32 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.07 and a beta of 1.06. The firm has a 50-day simple moving average of $377.40 and a 200-day simple moving average of $369.01.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. Carlisle Companies’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.72 EPS. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.13%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CSL shares. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Truist Financial reduced their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Finally, Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a 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 stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target of $454.00.

Carlisle Companies 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.