Running Oak Capital LLC Sells 1,516 Shares of Carlisle Companies Incorporated $CSL

Running Oak Capital LLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,985 shares of the conglomerate’s stock after selling 1,516 shares during the period. Running Oak Capital LLC owned 0.10% of Carlisle Companies worth $16,424,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Baron Wealth Management LLC boosted its stake in shares of Carlisle Companies by 4.4% during the 2nd quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 26 shares in the last quarter. Park Avenue Securities LLC boosted its position in Carlisle Companies by 3.8% during the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate’s stock worth $310,000 after purchasing an additional 30 shares during the period. Crestwood Advisors Group LLC grew its holdings in Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock valued at $506,000 after purchasing an additional 31 shares during the last quarter. TFG Advisers LLC grew its holdings in Carlisle Companies by 2.2% during the second quarter. TFG Advisers LLC now owns 1,565 shares of the conglomerate’s stock valued at $584,000 after purchasing an additional 33 shares during the last quarter. Finally, MAI Capital Management raised its position in shares of Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 34 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

NYSE CSL opened at $328.25 on Monday. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The stock has a market cap of $14.03 billion, a P/E ratio of 18.34, a PEG ratio of 1.06 and a beta of 1.00. The company’s 50-day simple moving average is $368.43 and its 200 day simple moving average is $373.28.

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

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio is currently 24.58%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CSL shares. Truist Financial lowered their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday, September 22nd. Loop Capital downgraded Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. dropped their price target on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Carlisle Companies has an average rating of “Hold” and a consensus target price of $429.17.

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.