AdvisorShares Investments LLC Makes New Investment in Carlisle Companies Incorporated $CSL

AdvisorShares Investments LLC purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,500 shares of the conglomerate’s stock, valued at approximately $480,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its position in Carlisle Companies by 221.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after buying an additional 102,014 shares during the period. Envestnet Asset Management Inc. increased its position in Carlisle Companies by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after buying an additional 8,701 shares during the period. Citigroup Inc. increased its position in Carlisle Companies by 51.8% in the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after buying an additional 9,673 shares during the period. Impact Partnership Wealth LLC bought a new position in Carlisle Companies in the 3rd quarter worth approximately $540,000. Finally, M&G PLC bought a new position in Carlisle Companies in the 3rd quarter worth approximately $11,913,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $344.99 on Friday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The firm has a market capitalization of $13.96 billion, a PE ratio of 20.28, a PEG ratio of 1.09 and a beta of 0.88. The business’s 50 day moving average is $344.83 and its 200-day moving average is $347.77. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

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

Carlisle Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on CSL. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. 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 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 report on Friday, April 24th. Truist Financial lifted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Hold” and an average target price of $405.00.

About Carlisle Companies

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.