Captrust Financial Advisors Trims Holdings in Carlisle Companies Incorporated $CSL

Captrust Financial Advisors lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,650 shares of the conglomerate’s stock after selling 3,287 shares during the period. Captrust Financial Advisors’ holdings in Carlisle Companies were worth $93,927,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after acquiring an additional 28,414 shares in the last quarter. Baird Financial Group Inc. boosted its position in Carlisle Companies by 8.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock valued at $952,000 after acquiring an additional 197 shares in the last quarter. Jump Financial LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at approximately $1,345,000. Bank of Nova Scotia boosted its position in Carlisle Companies by 118.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after acquiring an additional 893 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Carlisle Companies by 40.0% during the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock valued at $43,088,000 after acquiring an additional 32,996 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL opened at $356.77 on Wednesday. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The business’s 50 day moving average price is $347.43 and its 200-day moving average price is $350.89. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The stock has a market cap of $14.44 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.11 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm posted $3.61 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s payout ratio is currently 25.87%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CSL shares. Truist Financial lifted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Robert W. Baird lifted their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Finally, Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.