Steph & Co. Invests $134,000 in Carlisle Companies Incorporated $CSL

Steph & Co. purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 358 shares of the conglomerate’s stock, valued at approximately $134,000.

A number of other hedge funds also recently bought and sold shares of CSL. Mackenzie Financial Corp boosted its position in Carlisle Companies by 44.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,392 shares of the conglomerate’s stock worth $1,251,000 after purchasing an additional 1,044 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Carlisle Companies during the fourth quarter worth approximately $10,703,000. Siemens Fonds Invest GmbH boosted its position in Carlisle Companies by 31.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 857 shares of the conglomerate’s stock worth $316,000 after purchasing an additional 206 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Carlisle Companies by 105.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,795 shares of the conglomerate’s stock worth $8,039,000 after purchasing an additional 11,170 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Carlisle Companies by 253.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 22,088 shares of the conglomerate’s stock worth $7,521,000 after purchasing an additional 15,832 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $327.69 on Friday. The business has a 50 day simple moving average of $379.27 and a two-hundred day simple moving average of $373.05. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The stock has a market capitalization of $14.01 billion, a P/E ratio of 18.31, a PEG ratio of 1.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47.

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). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $6.24 EPS. Carlisle Companies’s revenue was down .1% compared to the same quarter last year. As a group, analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $1.10 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s payout ratio is 24.58%.

Wall Street Analyst Weigh In

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

Carlisle Companies Company Profile

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.