Carlisle Companies Incorporated $CSL Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,758 shares of the conglomerate’s stock after selling 3,146 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Carlisle Companies were worth $3,121,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies during the fourth quarter worth $27,000. Osterweis Capital Management Inc. purchased a new position in shares of Carlisle Companies in the second quarter valued at $36,000. Torren Management LLC purchased a new position in shares of Carlisle Companies in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. increased its position in shares of Carlisle Companies by 43.0% in the third 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. Finally, Rothschild Investment LLC increased 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 valued at $38,000 after buying an additional 116 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 3.0%

Shares of NYSE CSL opened at $348.12 on Wednesday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The firm has a fifty day moving average of $346.08 and a 200-day moving average of $349.61. The stock has a market capitalization of $14.09 billion, a PE ratio of 20.47, a P/E/G ratio of 1.06 and a beta of 0.86. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74.

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

Carlisle Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Truist Financial lifted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $405.00.

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.