BLB&B Advisors LLC Lowers Stock Holdings in Carlisle Companies Incorporated $CSL

BLB&B Advisors LLC reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.2% in the 2nd quarter, Holdings Channel reports. The fund owned 2,499 shares of the conglomerate’s stock after selling 82 shares during the period. BLB&B Advisors LLC’s holdings in Carlisle Companies were worth $933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CSL. KBC Group NV increased its holdings in shares of Carlisle Companies by 5.8% during the 1st quarter. KBC Group NV now owns 14,294 shares of the conglomerate’s stock worth $4,867,000 after buying an additional 787 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of Carlisle Companies by 202.3% during the 1st quarter. Clear Creek Financial Management LLC now owns 1,865 shares of the conglomerate’s stock worth $635,000 after buying an additional 1,248 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Carlisle Companies by 34.7% during the 1st quarter. DAVENPORT & Co LLC now owns 7,722 shares of the conglomerate’s stock worth $2,629,000 after purchasing an additional 1,990 shares during the period. Keybank National Association OH grew its holdings in shares of Carlisle Companies by 6.9% during the 1st quarter. Keybank National Association OH now owns 2,854 shares of the conglomerate’s stock worth $972,000 after purchasing an additional 185 shares during the period. Finally, WCM Investment Management LLC grew its holdings in shares of Carlisle Companies by 58.3% during the 1st quarter. WCM Investment Management LLC now owns 980 shares of the conglomerate’s stock worth $336,000 after purchasing an additional 361 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday. Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carlisle Companies in a research report on Thursday. Finally, Truist Financial decreased their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $325.80 on Friday. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $472.66. 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 firm has a market capitalization of $13.93 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.12 and a beta of 1.00. The company’s fifty day moving average price is $349.32 and its two-hundred day moving average price is $371.90.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business posted $5.78 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend 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%.

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.