Janney Montgomery Scott LLC Raises Stake in Carlisle Companies Incorporated (NYSE:CSL)

Janney Montgomery Scott LLC boosted its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,163 shares of the conglomerate’s stock after buying an additional 230 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Carlisle Companies were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CSL. TD Private Client Wealth LLC boosted its stake in shares of Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 57 shares during the period. CX Institutional purchased a new stake in shares of Carlisle Companies during the first quarter valued at approximately $49,000. GeoWealth Management LLC boosted its stake in shares of Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after purchasing an additional 29 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 78 shares during the period. Finally, Quarry LP boosted its stake in shares of Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $371.81 on Thursday. The stock has a fifty day moving average of $378.45 and a 200 day moving average of $368.07. 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 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 announced its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $3.72 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. As a group, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

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

Analysts Set New Price Targets

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

About Carlisle Companies

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.