Tributary Capital Management LLC Boosts Stock Position in Carlisle Companies Incorporated $CSL

Tributary Capital Management LLC boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,614 shares of the conglomerate’s stock after purchasing an additional 135 shares during the quarter. Tributary Capital Management LLC’s holdings in Carlisle Companies were worth $1,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GFG Capital LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth approximately $25,000. Hemington Wealth Management increased its holdings in Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Dagco Inc. purchased a new stake in Carlisle Companies during the 1st quarter worth approximately $27,000. Costello Asset Management INC purchased a new stake in Carlisle Companies during the 2nd quarter worth approximately $34,000. Finally, MAI Capital Management grew its position in shares of Carlisle Companies by 37.8% in the 1st 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. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.3%

NYSE:CSL opened at $330.88 on Thursday. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $472.66. The firm has a market capitalization of $14.15 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.12 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. The business has a 50 day simple moving average of $355.14 and a 200 day simple moving average of $371.52.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $6.24 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced 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 represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.58%.

Wall Street Analysts Forecast Growth

CSL has been the subject of several research reports. Truist Financial decreased their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, September 22nd. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Robert W. Baird decreased their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Vertical Research initiated coverage on Carlisle Companies in a research report on Monday. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $390.00.

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.