Cape ANN Savings Bank Reduces Position in Carlisle Companies Incorporated $CSL

Cape ANN Savings Bank cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.9% in the second quarter, Holdings Channel.com reports. The firm owned 1,060 shares of the conglomerate’s stock after selling 430 shares during the quarter. Cape ANN Savings Bank’s holdings in Carlisle Companies were worth $396,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CSL. Parallel Advisors LLC boosted its position in shares of Carlisle Companies by 37.6% during the first quarter. Parallel Advisors LLC now owns 326 shares of the conglomerate’s stock valued at $111,000 after buying an additional 89 shares during the period. Merit Financial Group LLC boosted its position in shares of Carlisle Companies by 7.3% during the first quarter. Merit Financial Group LLC now owns 1,843 shares of the conglomerate’s stock valued at $627,000 after buying an additional 126 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Carlisle Companies by 44.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 525 shares of the conglomerate’s stock valued at $179,000 after acquiring an additional 162 shares during the period. Chesley Taft & Associates LLC boosted its holdings in Carlisle Companies by 8.5% during the 1st quarter. Chesley Taft & Associates LLC now owns 5,182 shares of the conglomerate’s stock valued at $1,764,000 after acquiring an additional 406 shares during the period. Finally, Vest Financial LLC purchased a new position in Carlisle Companies during the 1st quarter valued at $17,047,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock opened at $328.25 on Friday. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The stock has a fifty day simple moving average of $368.43 and a two-hundred day simple moving average of $372.88. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.08 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

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

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio is currently 24.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CSL. JPMorgan Chase & Co. dropped their price objective on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Truist Financial lowered their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, September 22nd. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus price target of $429.17.

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.