Parr Mcknight Wealth Management Group LLC Sells 2,087 Shares of Carlisle Companies Incorporated $CSL

Parr Mcknight Wealth Management Group LLC decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 56.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,608 shares of the conglomerate’s stock after selling 2,087 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Carlisle Companies were worth $514,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CSL. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies during the fourth quarter worth $27,000. Torren Management LLC acquired a new position in Carlisle Companies during the fourth quarter worth $33,000. Osterweis Capital Management Inc. acquired a new position in Carlisle Companies during the second quarter worth $36,000. SBI Securities Co. Ltd. boosted its holdings in Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 34 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in Carlisle Companies by 3,866.7% during the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $344.99 on Monday. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The firm has a market cap of $13.96 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.09 and a beta of 0.86. The company’s 50-day moving average price is $344.83 and its two-hundred day moving average price is $347.98.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm earned $3.61 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CSL. Truist Financial increased their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, April 24th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Oppenheimer increased their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Finally, Robert W. Baird increased their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.