Revolve Wealth Partners LLC Takes Position in Carlisle Companies Incorporated $CSL

Revolve Wealth Partners LLC acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,619 shares of the conglomerate’s stock, valued at approximately $587,000.

Other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC grew its holdings in Carlisle Companies by 1.1% during the fourth quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock valued at $799,000 after purchasing an additional 27 shares during the period. Raiffeisen Bank International AG raised its stake in shares of Carlisle Companies by 12.8% in the fourth quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock worth $80,000 after buying an additional 28 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Carlisle Companies by 1.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after buying an additional 29 shares during the period. Boston Common Asset Management LLC lifted its position in shares of Carlisle Companies by 0.6% during the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock valued at $1,731,000 after buying an additional 30 shares in the last quarter. Finally, Next Level Private LLC lifted its position in shares of Carlisle Companies by 0.3% during the 1st quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock valued at $4,092,000 after buying an additional 33 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Raymond James Financial started coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Truist Financial lowered their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Oppenheimer upped their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Finally, Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Carlisle Companies Stock Performance

NYSE:CSL opened at $390.00 on Wednesday. The stock has a 50-day moving average price of $354.46 and a 200 day moving average price of $357.28. The stock has a market capitalization of $15.49 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.21 and a beta of 0.85. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm earned $6.27 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Carlisle Companies Incorporated will post 21.21 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 19th. Carlisle Companies’s payout ratio is presently 25.24%.

Carlisle Companies 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.