Guggenheim Capital LLC Has $981,000 Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Guggenheim Capital LLC reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,339 shares of the conglomerate’s stock after selling 328 shares during the quarter. Guggenheim Capital LLC’s holdings in Carlisle Companies were worth $981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. Coppell Advisory Solutions Corp. acquired a new position in Carlisle Companies in the 4th quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Carlisle Companies by 72.7% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 133 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 56 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter valued at $50,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Carlisle Companies by 507.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 231 shares of the conglomerate’s stock valued at $52,000 after purchasing an additional 193 shares during the last quarter. Finally, Archer Investment Corp boosted its stake in shares of Carlisle Companies by 20.0% in the 1st quarter. Archer Investment Corp now owns 300 shares of the conglomerate’s stock valued at $77,000 after purchasing an additional 50 shares during the last quarter. 90.70% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 2.1 %

CSL stock opened at $268.59 on Monday. The company has a market capitalization of $13.41 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 0.88 and a beta of 0.96. Carlisle Companies Incorporated has a one year low of $203.65 and a one year high of $314.23. The company’s 50 day moving average price is $268.09 and its two-hundred day moving average price is $241.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.00 and a current ratio of 2.58.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 26th. The conglomerate reported $5.18 EPS for the quarter, topping the consensus estimate of $4.73 by $0.45. Carlisle Companies had a net margin of 12.18% and a return on equity of 29.71%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $6.15 earnings per share. The business’s revenue was down 14.0% compared to the same quarter last year. As a group, analysts predict that Carlisle Companies Incorporated will post 17.61 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.75. Carlisle Companies’s payout ratio is 24.44%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several research analyst reports. Robert W. Baird increased their target price on shares of Carlisle Companies from $310.00 to $320.00 in a research note on Thursday, July 27th. StockNews.com initiated coverage on shares of Carlisle Companies in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Zelman & Associates lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $313.33.

Insider Buying and Selling

In other news, insider Lori A. Snyder sold 300 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $277.37, for a total transaction of $83,211.00. Following the completion of the sale, the insider now owns 548 shares of the company’s stock, valued at approximately $151,998.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

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.