Procyon Advisors LLC Cuts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Procyon Advisors LLC cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,945 shares of the conglomerate’s stock after selling 107 shares during the quarter. Procyon Advisors LLC’s holdings in Carlisle Companies were worth $662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $208,095,000. Wells Fargo & Company MN increased its position in shares of Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock worth $227,527,000 after purchasing an additional 538,990 shares in the last quarter. GAMMA Investing LLC raised its stake in Carlisle Companies by 38,164.5% in the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate’s stock valued at $172,635,000 after purchasing an additional 505,680 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in Carlisle Companies in the 4th quarter valued at $148,208,000. Finally, Inlight Wealth Management LLC purchased a new position in Carlisle Companies in the 4th quarter valued at $118,038,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of research reports. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Truist Financial dropped their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Robert W. Baird increased their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $454.00.

Carlisle Companies Trading Down 0.1%

Shares of CSL stock opened at $378.27 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company’s 50-day moving average price is $371.53 and its 200-day moving average price is $375.29. The stock has a market cap of $16.36 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.03 and a beta of 1.06.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.72 earnings per share. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies’s dividend payout ratio is presently 14.89%.

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.