AdvisorShares Investments LLC Sells 1,044 Shares of Carlisle Companies Incorporated $CSL

AdvisorShares Investments LLC lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 92.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 83 shares of the conglomerate’s stock after selling 1,044 shares during the period. AdvisorShares Investments LLC’s holdings in Carlisle Companies were worth $31,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. DAVENPORT & Co LLC grew its holdings in Carlisle Companies by 34.7% during the first quarter. DAVENPORT & Co LLC now owns 7,722 shares of the conglomerate’s stock worth $2,629,000 after purchasing an additional 1,990 shares during the period. Keybank National Association OH grew its holdings in Carlisle Companies by 6.9% during the first quarter. Keybank National Association OH now owns 2,854 shares of the conglomerate’s stock worth $972,000 after purchasing an additional 185 shares during the period. WCM Investment Management LLC grew its holdings in Carlisle Companies by 58.3% during the first quarter. WCM Investment Management LLC now owns 980 shares of the conglomerate’s stock worth $336,000 after purchasing an additional 361 shares during the period. Resonant Capital Advisors LLC grew its holdings in Carlisle Companies by 10.1% during the first quarter. Resonant Capital Advisors LLC now owns 816 shares of the conglomerate’s stock worth $278,000 after purchasing an additional 75 shares during the period. Finally, Mutual Advisors LLC grew its holdings in Carlisle Companies by 40.9% during the first quarter. Mutual Advisors LLC now owns 1,203 shares of the conglomerate’s stock worth $451,000 after purchasing an additional 349 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.3%

Shares of CSL stock opened at $324.58 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market cap of $13.88 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. The stock has a 50 day simple moving average of $347.85 and a 200 day simple moving average of $371.68. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $472.66.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. On average, research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSL. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Carlisle Companies in a report on Thursday. Vertical Research began coverage on Carlisle Companies in a report on Monday, October 20th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group reduced their price objective on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $386.67.

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.