Marks Group Wealth Management Inc Sells 1,990 Shares of Carlisle Companies Incorporated $CSL

Marks Group Wealth Management Inc reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,914 shares of the conglomerate’s stock after selling 1,990 shares during the period. Marks Group Wealth Management Inc owned about 0.05% of Carlisle Companies worth $6,690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Illinois Municipal Retirement Fund lifted its stake in shares of Carlisle Companies by 0.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after buying an additional 33 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. Huntington National Bank lifted its stake in shares of Carlisle Companies by 25.2% during the 4th quarter. Huntington National Bank now owns 169 shares of the conglomerate’s stock valued at $54,000 after buying an additional 34 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Carlisle Companies by 1.0% during the 3rd quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock valued at $1,160,000 after buying an additional 34 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its stake in shares of Carlisle Companies by 3.5% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after buying an additional 35 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Oppenheimer upped their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Truist Financial upped their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Finally, Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $338.07 on Tuesday. The firm’s 50 day simple moving average is $345.63 and its 200 day simple moving average is $349.30. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $13.68 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.09 and a beta of 0.86. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. Carlisle Companies’s revenue was down 4.0% on a year-over-year basis. As a group, analysts expect that Carlisle Companies Incorporated will post 21.18 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s payout ratio is presently 25.87%.

Carlisle Companies Company 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.