Focus Partners Wealth Boosts Stake in Carlisle Companies Incorporated $CSL

Focus Partners Wealth increased its position in Carlisle Companies Incorporated (NYSE:CSL) by 20,707.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,223 shares of the conglomerate’s stock after buying an additional 221,155 shares during the period. Focus Partners Wealth owned 0.53% of Carlisle Companies worth $71,080,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Raiffeisen Bank International AG lifted its position in shares of Carlisle Companies by 12.8% in the fourth quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock worth $80,000 after buying an additional 28 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Carlisle Companies by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after purchasing an additional 33 shares during the period. Huntington National Bank raised its position in Carlisle Companies by 25.2% during the fourth quarter. Huntington National Bank now owns 169 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 34 shares during the period. Mackenzie Financial Corp raised its position in Carlisle Companies by 1.0% during the third quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock valued at $1,160,000 after purchasing an additional 34 shares during the period. Finally, Nicolet Advisory Services LLC raised its position in Carlisle Companies by 3.5% during the third quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after purchasing an additional 35 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.0%

CSL opened at $343.93 on Monday. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.08 and a beta of 0.86. The stock’s 50 day moving average price is $346.47 and its 200-day moving average price is $350.35. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 43.78% and a net margin of 14.57%.The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.61 earnings per share. On average, equities analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

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

Analyst Ratings Changes

CSL has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. upped their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Finally, William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Five equities research 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, the stock has an average rating of “Hold” and an average 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.