Marks Group Wealth Management Inc Cuts Stock Holdings in Carlisle Companies Incorporated $CSL

Marks Group Wealth Management Inc lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,836 shares of the conglomerate’s stock after selling 2,078 shares during the period. Marks Group Wealth Management Inc’s holdings in Carlisle Companies were worth $6,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CSL. MML Investors Services LLC lifted its position in Carlisle Companies by 1.1% in the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock valued at $799,000 after acquiring an additional 27 shares in the last quarter. Raiffeisen Bank International AG boosted its stake in Carlisle Companies by 12.8% during the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after purchasing an additional 28 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Carlisle Companies by 1.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after purchasing an additional 29 shares in the last quarter. Next Level Private LLC increased its holdings in shares of Carlisle Companies by 0.3% in the 1st quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock worth $4,092,000 after purchasing an additional 33 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Carlisle Companies by 25.2% in the fourth quarter. Huntington National Bank now owns 169 shares of the conglomerate’s stock worth $54,000 after purchasing an additional 34 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Robert W. Baird lifted their price objective on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Oppenheimer upped their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $402.14.

Carlisle Companies Price Performance

Shares of CSL opened at $344.53 on Thursday. The firm has a fifty day simple moving average of $348.82 and a two-hundred day simple moving average of $355.41. The firm has a market cap of $13.94 billion, a PE ratio of 20.25, a P/E/G ratio of 1.07 and a beta of 0.85. 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 Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

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

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Carlisle Companies Company 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.