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

Marks Group Wealth Management Inc trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,914 shares of the conglomerate’s stock after selling 1,990 shares during the period. Marks Group Wealth Management Inc’s holdings in Carlisle Companies were worth $6,690,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Invesco Ltd. boosted its position in Carlisle Companies by 2.6% during the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after buying an additional 27,049 shares during the period. Sands Capital Management LLC increased its stake in shares of Carlisle Companies by 99.2% in the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after buying an additional 423,141 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Carlisle Companies by 20.4% in the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after buying an additional 109,410 shares during the period. Barclays PLC increased its stake in shares of Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after buying an additional 451,662 shares during the period. Finally, Cooke & Bieler LP increased its stake in shares of Carlisle Companies by 19.2% in the fourth quarter. Cooke & Bieler LP now owns 444,390 shares of the conglomerate’s stock worth $142,143,000 after buying an additional 71,613 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $338.07 on Tuesday. 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 business has a fifty day moving average price of $345.63 and a 200-day moving average price of $349.30. The company has a market capitalization of $13.68 billion, a PE ratio of 19.87, a PEG ratio of 1.09 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $3.61 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. As a group, equities analysts expect that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s payout ratio is 25.87%.

Wall Street Analyst Weigh In

CSL has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. lifted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Oppenheimer lifted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock 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 research note on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and an average target price of $405.00.

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.