Mutual Advisors LLC Cuts Stock Position in Carlisle Companies Incorporated $CSL

Mutual Advisors LLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,154 shares of the conglomerate’s stock after selling 49 shares during the period. Mutual Advisors LLC’s holdings in Carlisle Companies were worth $431,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GFG Capital LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth approximately $25,000. Hemington Wealth Management raised 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 buying an additional 26 shares during the period. Dagco Inc. acquired a new stake in Carlisle Companies during the 1st quarter worth approximately $27,000. Costello Asset Management INC acquired a new stake in Carlisle Companies during the 2nd quarter worth approximately $34,000. Finally, MAI Capital Management raised its holdings in Carlisle Companies by 37.8% during the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 1.7%

CSL stock opened at $329.26 on Tuesday. 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 company has a fifty day moving average price of $357.53 and a two-hundred day moving average price of $372.07. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $473.16. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned $6.24 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Loop Capital downgraded 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 report on Thursday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. 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 report on Monday, September 22nd. Finally, Oppenheimer lowered their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday. Four investment 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 data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and an average target price of $390.00.

Carlisle Companies 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.