Mutual Advisors LLC lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,154 shares of the conglomerate’s stock after selling 49 shares during the quarter. Mutual Advisors LLC’s holdings in Carlisle Companies were worth $431,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. GFG Capital LLC acquired a new position in Carlisle Companies in the second quarter valued at about $25,000. Hemington Wealth Management raised its stake in Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares in the last quarter. Dagco Inc. acquired a new position in Carlisle Companies during the first quarter worth about $27,000. Costello Asset Management INC acquired a new position in Carlisle Companies during the second quarter worth about $34,000. Finally, MAI Capital Management raised its stake in Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Vertical Research assumed coverage on Carlisle Companies in a research note on Monday. They set a “hold” rating for the company. Truist Financial lowered their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, September 22nd. The Goldman Sachs Group lowered their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Loop Capital downgraded Carlisle Companies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. lowered their target price on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $390.00.
Carlisle Companies Stock Performance
Shares of CSL stock opened at $329.26 on Tuesday. The business’s 50 day simple moving average is $357.53 and its 200 day simple moving average is $372.07. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $473.16. The stock has a market capitalization of $14.08 billion, a PE ratio of 18.39, a PEG ratio of 1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47.
Carlisle Companies (NYSE:CSL – Get Free Report) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company earned $6.24 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.
Carlisle Companies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.58%.
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.
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