Carlisle Companies Incorporated $CSL Position Lessened by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 17.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 492 shares of the conglomerate’s stock after selling 107 shares during the period. Capital Advisors Ltd. LLC’s holdings in Carlisle Companies were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dagco Inc. purchased a new stake in shares of Carlisle Companies during the first quarter worth $27,000. MAI Capital Management raised its holdings in shares of Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares in the last quarter. CX Institutional purchased a new stake in shares of Carlisle Companies during the first quarter worth $49,000. Wayfinding Financial LLC purchased a new stake in shares of Carlisle Companies during the first quarter worth $55,000. Finally, Allworth Financial LP raised its holdings in shares of Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after acquiring an additional 42 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CSL. 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 report on Monday, September 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Finally, Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $429.17.

Carlisle Companies Trading Down 2.3%

Carlisle Companies stock opened at $322.59 on Friday. 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 company has a market capitalization of $13.79 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.07 and a beta of 1.00. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company’s fifty day moving average price is $362.20 and its two-hundred day moving average price is $372.40.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $6.24 earnings per share. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal 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 given a $1.10 dividend. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio (DPR) is 24.58%.

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.