Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Sonen Capital LLC

Sonen Capital LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSLGet Rating) by 3.3% in the first quarter, Holdings Channel.com reports. The fund owned 3,881 shares of the conglomerate’s stock after acquiring an additional 125 shares during the quarter. Carlisle Companies makes up approximately 1.2% of Sonen Capital LLC’s portfolio, making the stock its 26th biggest holding. Sonen Capital LLC’s holdings in Carlisle Companies were worth $954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in CSL. Checchi Capital Advisers LLC grew its position in shares of Carlisle Companies by 4.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 1,257 shares of the conglomerate’s stock valued at $312,000 after purchasing an additional 52 shares in the last quarter. TFG Advisers LLC grew its position in shares of Carlisle Companies by 5.3% in the first quarter. TFG Advisers LLC now owns 1,027 shares of the conglomerate’s stock valued at $253,000 after purchasing an additional 52 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in shares of Carlisle Companies by 0.7% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,667 shares of the conglomerate’s stock valued at $2,150,000 after purchasing an additional 56 shares in the last quarter. Corbett Road Capital Management LLC grew its position in shares of Carlisle Companies by 3.2% in the fourth quarter. Corbett Road Capital Management LLC now owns 1,815 shares of the conglomerate’s stock valued at $450,000 after purchasing an additional 57 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Carlisle Companies by 0.5% in the first quarter. Commonwealth Equity Services LLC now owns 12,097 shares of the conglomerate’s stock valued at $2,974,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.

Carlisle Companies Stock Up 4.0 %

Shares of NYSE CSL traded up $11.56 during mid-day trading on Friday, hitting $300.61. The company had a trading volume of 570,096 shares, compared to its average volume of 421,423. The company has a market capitalization of $15.55 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 0.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.01 and a quick ratio of 1.39. Carlisle Companies Incorporated has a 1-year low of $195.04 and a 1-year high of $301.01. The business’s 50-day simple moving average is $257.38 and its 200 day simple moving average is $246.08.

Carlisle Companies (NYSE:CSLGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The conglomerate reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.99 by $1.16. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Carlisle Companies had a return on equity of 32.22% and a net margin of 12.68%. The company’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period last year, the firm earned $2.16 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 20.22 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.54. This represents a $3.00 dividend on an annualized basis and a yield of 1.00%. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.93%.

Analyst Ratings Changes

Several research analysts recently weighed in on CSL shares. Robert W. Baird increased their price objective on Carlisle Companies from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, June 23rd. Oppenheimer increased their price objective on Carlisle Companies from $300.00 to $315.00 in a research report on Friday, April 29th. Credit Suisse Group raised their price target on Carlisle Companies from $275.00 to $300.00 in a research report on Monday, May 9th. Finally, Loop Capital raised their price target on Carlisle Companies from $285.00 to $305.00 in a research report on Friday, April 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus price target of $307.00.

About Carlisle Companies

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Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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