Carlisle Companies Incorporated (NYSE:CSL) Stake Cut by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 72.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,993 shares of the conglomerate’s stock after selling 15,802 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Carlisle Companies were worth $2,041,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Carlisle Companies during the fourth quarter valued at $208,095,000. Wells Fargo & Company MN increased its stake in Carlisle Companies by 692.1% in the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock worth $227,527,000 after purchasing an additional 538,990 shares in the last quarter. GAMMA Investing LLC grew its stake in Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate’s stock valued at $172,635,000 after acquiring an additional 505,680 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in Carlisle Companies during the 4th quarter valued at about $148,208,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter valued at approximately $118,038,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 0.6%

Shares of CSL stock opened at $374.55 on Friday. The stock has a 50-day moving average of $379.37 and a 200-day moving average of $366.93. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 1.13 and a beta of 1.06. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 earnings per share. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.07%. Carlisle Companies’s dividend payout ratio is presently 14.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. Robert W. Baird upped their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an “overweight” rating and a $500.00 target price on the stock. Finally, Truist Financial decreased their target price on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $461.67.

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.