GAMMA Investing LLC Boosts Stake in Carlisle Companies Incorporated (NYSE:CSL)

GAMMA Investing LLC lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 12.4% during the 1st quarter, HoldingsChannel reports. The fund owned 1,489 shares of the conglomerate’s stock after purchasing an additional 164 shares during the period. GAMMA Investing LLC’s holdings in Carlisle Companies were worth $507,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

CSL has been the topic of a number of research reports. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Robert W. Baird raised their price target 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. Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $461.67.

Carlisle Companies Stock Down 0.1%

CSL stock opened at $373.86 on Tuesday. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.12 and a beta of 1.06. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The firm has a 50-day moving average of $379.89 and a two-hundred day moving average of $366.21.

Carlisle Companies (NYSE:CSL) last announced 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.72 EPS. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.07%. Carlisle Companies’s dividend payout ratio is currently 14.89%.

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.