Carlisle Companies Incorporated $CSL Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 754 shares of the conglomerate’s stock after selling 31 shares during the quarter. Apollon Wealth Management LLC’s holdings in Carlisle Companies were worth $282,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cooke & Bieler LP acquired a new position in Carlisle Companies during the 1st quarter worth approximately $74,095,000. Pacer Advisors Inc. raised its position in shares of Carlisle Companies by 1,611.7% during the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock valued at $73,202,000 after acquiring an additional 202,425 shares in the last quarter. Nuveen LLC bought a new position in shares of Carlisle Companies in the 1st quarter worth about $62,485,000. Victory Capital Management Inc. boosted 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 valued at $81,896,000 after acquiring an additional 127,234 shares during the period. Finally, Madison Asset Management LLC grew its stake in Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after buying an additional 113,312 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $323.56 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $13.83 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. The firm has a 50 day moving average of $358.28 and a 200-day moving average of $371.74. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $474.73.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.24 earnings per share. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $1.10 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio is 24.58%.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of recent analyst reports. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Robert W. Baird cut their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Truist Financial cut their price objective 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. Finally, Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $403.33.

Carlisle Companies Company 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.