Harbour Investments Inc. Has $183,000 Stake in Carlisle Companies Incorporated $CSL

Harbour Investments Inc. lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 170.7% during the second quarter, Holdings Channel.com reports. The firm owned 490 shares of the conglomerate’s stock after purchasing an additional 309 shares during the period. Harbour Investments Inc.’s holdings in Carlisle Companies were worth $183,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after buying an additional 130,235 shares during the last quarter. Madison Asset Management LLC raised its position in Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock valued at $175,403,000 after buying an additional 113,312 shares during the last quarter. Bessemer Group Inc. raised its position in Carlisle Companies by 8.4% in the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock valued at $171,880,000 after buying an additional 39,329 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after buying an additional 50,578 shares during the last quarter. Finally, Northern Trust Corp raised its position in Carlisle Companies by 1.4% in the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after buying an additional 6,948 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 1.3%

CSL stock opened at $330.88 on Thursday. 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 company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.12 and a beta of 1.00. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $472.66. The stock has a fifty day moving average of $355.14 and a 200-day moving average of $371.52.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share 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 firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.24 EPS. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSL shares. The Goldman Sachs Group decreased their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Truist Financial decreased their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, September 22nd. Vertical Research started coverage on Carlisle Companies in a research report on Monday. They set a “hold” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $390.00.

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.