Moran Wealth Management LLC Sells 1,372 Shares of Carlisle Companies Incorporated $CSL

Moran Wealth Management LLC reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,126 shares of the conglomerate’s stock after selling 1,372 shares during the period. Moran Wealth Management LLC’s holdings in Carlisle Companies were worth $10,051,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $27,000. Torren Management LLC purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $33,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies during the second quarter valued at approximately $36,000. Quarry LP bought a new position in shares of Carlisle Companies in the fourth quarter worth approximately $36,000. Finally, Rothschild Investment LLC boosted its position in shares of Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 116 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent analyst reports. Truist Financial raised their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Robert W. Baird upped their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Raymond James Financial started coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Finally, Oppenheimer raised 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Trading Down 0.1%

CSL stock opened at $366.37 on Friday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.16 and a beta of 0.85. The business has a 50 day simple moving average of $351.74 and a two-hundred day simple moving average of $354.68.

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

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) 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.