CCM Investment Group LLC Buys Shares of 4,184 Carlisle Companies Incorporated (NYSE:CSL)

CCM Investment Group LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,184 shares of the conglomerate’s stock, valued at approximately $1,433,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CX Institutional bought a new position in shares of Carlisle Companies in the first quarter worth $49,000. GeoWealth Management LLC increased its holdings in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after purchasing an additional 29 shares during the period. Wayfinding Financial LLC bought a new position in shares of Carlisle Companies in the first quarter worth $55,000. Allworth Financial LP increased its holdings in shares of Carlisle Companies by 32.8% in the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after purchasing an additional 42 shares during the period. Finally, Harbour Investments Inc. increased its holdings in shares of Carlisle Companies by 277.1% in the first quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate’s stock worth $62,000 after purchasing an additional 133 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 3.5%

Shares of NYSE:CSL opened at $366.70 on Friday. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The firm has a fifty day moving average of $385.57 and a 200 day moving average of $369.51. The firm has a market capitalization of $15.68 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $6.24 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is currently 22.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 price target on the stock. Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Robert W. Baird upped their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $450.83.

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.