Exchange Traded Concepts LLC Increases Stake in Carlisle Companies Incorporated (NYSE:CSL)
Exchange Traded Concepts LLC increased its stake in Carlisle Companies Incorporated (NYSE: CSL – Get a rating) by 18.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The company held 2,172 shares of the conglomerate after purchasing an additional 335 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Carlisle Companies were worth $534,000 when it last filed with the SEC.
Other large investors have also increased or reduced their stake in the company. Trust Co. of Vermont bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $25,000. Quent Capital LLC purchased a new stake in Carlisle Companies during Q4, valued at approximately $31,000. DeDora Capital Inc. purchased a new stake in Carlisle Companies during Q1 worth approximately $41,000. National Bank of Canada FI acquired a new stake in Carlisle Companies during the 4th quarter valued at approximately $45,000. Finally, Ellevest Inc. increased its position in Carlisle Companies by 46.0% during the 1st quarter. Ellevest Inc. now owns 200 shares of the conglomerate valued at $49,000 after buying 63 more shares in the last quarter. 89.68% of the shares are currently held by hedge funds and other institutional investors.
CSL opened at $250.35 on Friday. The company’s 50-day simple moving average is $248.55 and its two-hundred-day simple moving average is $242.28. Carlisle Companies Incorporated has a 52-week low of $189.79 and a 52-week high of $275.13. The company has a debt ratio of 0.96, a quick ratio of 1.26 and a current ratio of 1.88. The stock has a market capitalization of $12.94 billion, a P/E ratio of 23.60, a P/E/G ratio of 0.83 and a beta of 0.98.
Carlisle Companies (NYSE: CSL – Get a rating) last released its quarterly earnings data on Thursday, April 28. The conglomerate reported earnings per share of $4.26 for the quarter, beating the consensus estimate of $2.54 by $1.72. Carlisle Companies had a net margin of 10.49% and a return on equity of 25.49%. The company posted revenue of $1.50 billion for the quarter, versus $1.34 billion for analysts. Research analysts expect Carlisle Companies Incorporated to post EPS of 17.64 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Tuesday, May 17 received a dividend of $0.54. This represents an annualized dividend of $2.16 and a dividend yield of 0.86%. The ex-dividend date was Monday, May 16. Carlisle Companies’ dividend payout ratio (DPR) is currently 20.36%.
Several brokerages have recently commented on CSL. StockNews.com began covering Carlisle Companies shares in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Robert W. Baird raised his price target on Carlisle Companies stock from $300.00 to $325.00 and gave the company an “outperform” rating in a Thursday, June 23 research report. Loop Capital raised its price target on Carlisle Companies shares from $285.00 to $305.00 in a Friday, April 8 research report. Oppenheimer raised his price target on Carlisle Companies stock from $300.00 to $315.00 in a Friday, April 29 research note. Finally, Credit Suisse Group raised its price target on Carlisle Companies shares from $275.00 to $300.00 in a Monday, May 9 research note. Two research analysts rated the stock with a hold rating and six assigned the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.00.
Company Profile Carlisle Companies (Get a rating)
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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