Carlisle Companies Incorporated $CSL Shares Bought by Blue Trust Inc.

Blue Trust Inc. increased its position in Carlisle Companies Incorporated (NYSE:CSL) by 45.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 647 shares of the conglomerate’s stock after purchasing an additional 201 shares during the period. Blue Trust Inc.’s holdings in Carlisle Companies were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CSL. Cooke & Bieler LP acquired a new position in Carlisle Companies in the first quarter worth about $74,095,000. Pacer Advisors Inc. grew its stake in Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock worth $73,202,000 after purchasing an additional 202,425 shares in the last quarter. Nuveen LLC acquired a new position in Carlisle Companies in the first quarter worth about $62,485,000. Victory Capital Management Inc. grew its stake in Carlisle Companies by 112.3% in the first quarter. Victory Capital Management Inc. now owns 240,516 shares of the conglomerate’s stock worth $81,896,000 after purchasing an additional 127,234 shares in the last quarter. Finally, Madison Asset Management LLC grew its stake in Carlisle Companies by 28.2% in the first quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after purchasing an additional 113,312 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on CSL. The Goldman Sachs Group decreased their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Robert W. Baird decreased their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their target price on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $403.33.

Carlisle Companies Stock Performance

CSL opened at $329.93 on Wednesday. The business’s 50 day moving average is $360.33 and its 200-day moving average is $372.15. The stock has a market cap of $14.10 billion, a PE ratio of 18.43, a price-to-earnings-growth 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 Incorporated has a twelve month low of $311.41 and a twelve month high of $479.38.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results 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). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $6.24 EPS. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current 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 issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost 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 is presently 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.