Procyon Advisors LLC Trims Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Procyon Advisors LLC lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,945 shares of the conglomerate’s stock after selling 107 shares during the quarter. Procyon Advisors LLC’s holdings in Carlisle Companies were worth $662,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Carlisle Companies by 122.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,768 shares of the conglomerate’s stock worth $9,135,000 after acquiring an additional 13,655 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in Carlisle Companies in the fourth quarter valued at approximately $706,000. TFG Advisers LLC lifted its stake in Carlisle Companies by 5.9% during the fourth quarter. TFG Advisers LLC now owns 1,406 shares of the conglomerate’s stock worth $519,000 after purchasing an additional 78 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of Carlisle Companies by 28.7% during the fourth quarter. Apollon Wealth Management LLC now owns 1,808 shares of the conglomerate’s stock worth $667,000 after buying an additional 403 shares during the period. Finally, Advisory Resource Group grew its stake in shares of Carlisle Companies by 17.1% in the fourth quarter. Advisory Resource Group now owns 12,404 shares of the conglomerate’s stock valued at $4,575,000 after buying an additional 1,814 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.1%

NYSE:CSL opened at $378.27 on Friday. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The firm has a market cap of $16.36 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.06. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $371.53 and a 200 day moving average price of $375.29.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $3.72 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $1.00 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.06%. Carlisle Companies’s dividend payout ratio is currently 14.89%.

Analyst Ratings Changes

CSL has been the topic of several research analyst reports. Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Robert W. Baird boosted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Truist Financial lowered their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Finally, Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $454.00.

Carlisle Companies Company 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.