Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,727 shares of the conglomerate’s stock after acquiring an additional 1,619 shares during the period. Oppenheimer & Co. Inc.’s holdings in Carlisle Companies were worth $3,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Invesco Ltd. lifted its stake in Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate’s stock valued at $502,239,000 after acquiring an additional 29,799 shares during the period. Franklin Resources Inc. lifted its stake in Carlisle Companies by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate’s stock valued at $440,476,000 after acquiring an additional 17,206 shares during the period. JPMorgan Chase & Co. lifted its stake in Carlisle Companies by 3.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock valued at $418,617,000 after acquiring an additional 34,021 shares during the period. Wells Fargo & Company MN lifted its stake in Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock valued at $227,527,000 after acquiring an additional 538,990 shares during the period. Finally, Norges Bank acquired a new stake in Carlisle Companies during the 4th quarter valued at approximately $208,095,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $371.81 on Thursday. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.12 and a beta of 1.06. The company has a fifty day simple moving average of $378.45 and a 200-day simple moving average of $368.07. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87.

Carlisle Companies (NYSE:CSL) last released its 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. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $3.72 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Monday, May 19th. Carlisle Companies’s dividend payout ratio is currently 14.89%.

Analyst Upgrades and Downgrades

CSL has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday. They set an “overweight” rating and a $500.00 price objective for the company. Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Robert W. Baird boosted their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, Truist Financial decreased their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $461.67.

Carlisle Companies 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.