Shelton Capital Management Trims Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Shelton Capital Management reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,439 shares of the conglomerate’s stock after selling 195 shares during the period. Shelton Capital Management’s holdings in Carlisle Companies were worth $626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $25,000. Coppell Advisory Solutions Corp. purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $29,000. Artemis Wealth Advisors LLC acquired a new position in Carlisle Companies in the second quarter valued at approximately $42,000. Harvest Fund Management Co. Ltd boosted its position in Carlisle Companies by 137.9% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 295 shares of the conglomerate’s stock worth $67,000 after purchasing an additional 171 shares in the last quarter. Finally, Archer Investment Corp grew its stake in shares of Carlisle Companies by 20.0% during the 1st quarter. Archer Investment Corp now owns 300 shares of the conglomerate’s stock worth $77,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 90.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Carlisle Companies in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Jefferies Financial Group cut Carlisle Companies from a “buy” rating to a “hold” rating and dropped their target price for the company from $325.00 to $290.00 in a research report on Tuesday, September 26th. Zelman & Associates downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Oppenheimer reaffirmed an “outperform” rating and set a $325.00 target price on shares of Carlisle Companies in a research note on Monday, September 25th. Finally, Robert W. Baird lifted their price target on shares of Carlisle Companies from $310.00 to $320.00 in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $307.14.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $273.26 on Monday. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.27 and a beta of 0.88. Carlisle Companies Incorporated has a 52-week low of $203.65 and a 52-week high of $289.12. The company has a fifty day simple moving average of $261.14 and a 200-day simple moving average of $253.29. The company has a quick ratio of 3.73, a current ratio of 4.18 and a debt-to-equity ratio of 0.78.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 26th. The conglomerate reported $4.68 EPS for the quarter, beating the consensus estimate of $4.57 by $0.11. Carlisle Companies had a return on equity of 27.87% and a net margin of 13.58%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $5.66 earnings per share. The business’s revenue for the quarter was down 15.8% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 14.77 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $3.40 annualized dividend and a yield of 1.24%. Carlisle Companies’s payout ratio is 23.66%.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.