Cadent Capital Advisors LLC Increases Position in Carlisle Companies Incorporated $CSL

Cadent Capital Advisors LLC boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,679 shares of the conglomerate’s stock after purchasing an additional 195 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Carlisle Companies were worth $627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in Carlisle Companies by 4.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate’s stock valued at $394,244,000 after purchasing an additional 49,102 shares during the period. Madison Asset Management LLC raised its stake in Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock valued at $175,403,000 after purchasing an additional 113,312 shares during the period. GAMMA Investing LLC raised its stake in Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate’s stock valued at $172,635,000 after purchasing an additional 505,680 shares during the period. Bessemer Group Inc. raised its stake in Carlisle Companies by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock valued at $171,880,000 after purchasing an additional 39,329 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Carlisle Companies by 11.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after purchasing an additional 50,578 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Loop Capital downgraded Carlisle Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their target price on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Truist Financial reduced their price objective on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $429.17.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $327.69 on Friday. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The stock has a 50 day moving average price of $379.27 and a 200-day moving average price of $373.05. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.24 EPS. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a $1.10 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 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.