Equitable Trust Co. Cuts Stock Holdings in Carlisle Companies Incorporated $CSL

Equitable Trust Co. decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 82.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,534 shares of the conglomerate’s stock after selling 7,080 shares during the quarter. Equitable Trust Co.’s holdings in Carlisle Companies were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CSL. Farther Finance Advisors LLC grew its holdings in shares of Carlisle Companies by 283.1% during the first quarter. Farther Finance Advisors LLC now owns 613 shares of the conglomerate’s stock valued at $211,000 after buying an additional 453 shares during the last quarter. GAMMA Investing LLC lifted its position in Carlisle Companies by 12.4% during the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate’s stock valued at $507,000 after purchasing an additional 164 shares during the period. SG Americas Securities LLC lifted its position in Carlisle Companies by 253.9% during the first quarter. SG Americas Securities LLC now owns 1,412 shares of the conglomerate’s stock valued at $481,000 after purchasing an additional 1,013 shares during the period. CX Institutional bought a new position in Carlisle Companies during the first quarter valued at approximately $49,000. Finally, Fifth Third Bancorp lifted its position in Carlisle Companies by 11.5% during the first quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate’s stock valued at $376,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.2%

NYSE:CSL opened at $330.91 on Thursday. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $474.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The firm has a market cap of $14.15 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.10 and a beta of 1.00. The firm has a 50-day simple moving average of $359.85 and a 200-day simple moving average of $371.86.

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

Carlisle Companies Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSL. Truist Financial lowered their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, September 22nd. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $403.33.

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.