Carlisle Companies Incorporated $CSL Shares Purchased by Novare Capital Management LLC

Novare Capital Management LLC raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 30,935 shares of the conglomerate’s stock after buying an additional 1,605 shares during the quarter. Novare Capital Management LLC’s holdings in Carlisle Companies were worth $10,321,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies in the 4th quarter worth about $27,000. Torren Management LLC acquired a new position in Carlisle Companies during the 4th quarter valued at about $33,000. Osterweis Capital Management Inc. bought a new position in Carlisle Companies in the 2nd quarter worth about $36,000. Quarry LP bought a new position in Carlisle Companies in the 4th quarter worth about $36,000. Finally, Rothschild Investment LLC increased its stake 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 purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Truist Financial raised their target price on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Raymond James Financial started coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. Finally, Oppenheimer increased their price target on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Carlisle Companies has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Price Performance

NYSE CSL opened at $360.76 on Tuesday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. 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 firm has a market capitalization of $14.60 billion, a PE ratio of 21.21, a P/E/G ratio of 1.14 and a beta of 0.86. The company’s 50 day simple moving average is $348.82 and its 200 day simple moving average is $351.98.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.61 earnings per share. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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