Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,762 shares of the conglomerate’s stock after selling 860 shares during the quarter. Carlisle Companies comprises approximately 1.2% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 23rd largest position. Princeton Global Asset Management LLC’s holdings in Carlisle Companies were worth $6,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in shares of Carlisle Companies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate’s stock worth $502,239,000 after buying an additional 29,799 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Carlisle Companies by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate’s stock worth $440,476,000 after purchasing an additional 17,206 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock valued at $418,617,000 after purchasing an additional 34,021 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock valued at $227,527,000 after purchasing an additional 538,990 shares during the last quarter. Finally, Norges Bank purchased a new position in Carlisle Companies during the fourth quarter worth approximately $208,095,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $378.27 on Friday. The business’s fifty day moving average price is $371.53 and its 200 day moving average price is $375.68. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $16.36 billion, a PE ratio of 13.69, a P/E/G ratio of 1.03 and a beta of 1.06.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.72 earnings per share. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, May 19th. Carlisle Companies’s payout ratio is currently 14.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CSL shares. Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Truist Financial cut their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Finally, Robert W. Baird raised their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $454.00.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.