Alley Investment Management Company LLC Buys 7,071 Shares of Carlisle Companies Incorporated $CSL

Alley Investment Management Company LLC grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 39.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,987 shares of the conglomerate’s stock after purchasing an additional 7,071 shares during the quarter. Alley Investment Management Company LLC’s holdings in Carlisle Companies were worth $8,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Next Level Private LLC lifted its stake in Carlisle Companies by 0.3% in the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock valued at $4,092,000 after acquiring an additional 33 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Carlisle Companies by 2.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 40,301 shares of the conglomerate’s stock valued at $13,446,000 after purchasing an additional 960 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new stake in Carlisle Companies in the 1st quarter valued at about $205,000. Venturi Wealth Management LLC bought a new position in Carlisle Companies during the first quarter worth about $220,000. Finally, Foster & Motley Inc. grew its holdings in Carlisle Companies by 32.2% during the first quarter. Foster & Motley Inc. now owns 2,508 shares of the conglomerate’s stock worth $837,000 after purchasing an additional 611 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CSL. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Oppenheimer boosted their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. increased their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Finally, Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Carlisle Companies has an average rating of “Hold” and an average price target of $405.00.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $361.99 on Wednesday. The firm has a market cap of $14.65 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.19 and a beta of 0.86. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The stock’s fifty day moving average price is $351.37 and its two-hundred day moving average price is $354.15. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.61 EPS. As a group, research analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $1.10 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s payout ratio is presently 25.87%.

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.