Welch & Forbes LLC Has $46.86 Million Holdings in Carlisle Companies Incorporated $CSL

Welch & Forbes LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,466 shares of the conglomerate’s stock after purchasing an additional 8,940 shares during the period. Welch & Forbes LLC’s holdings in Carlisle Companies were worth $46,862,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies in the fourth quarter valued at approximately $27,000. Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies during the 2nd quarter valued at $36,000. Torren Management LLC acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $33,000. Quarry LP acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $36,000. Finally, Rothschild Investment LLC boosted its holdings in Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 116 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CSL. Robert W. Baird increased their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. 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 objective on the stock. Truist Financial cut their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $402.14.

Carlisle Companies Stock Performance

NYSE:CSL traded up $0.27 during midday trading on Friday, reaching $330.26. The stock had a trading volume of 811,575 shares, compared to its average volume of 500,924. The stock has a market capitalization of $13.37 billion, a P/E ratio of 19.42, a PEG ratio of 1.04 and a beta of 0.85. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year 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’s fifty day simple moving average is $350.22 and its 200-day simple moving average is $355.09.

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. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned $3.61 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm 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. 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 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.