Farther Finance Advisors LLC Increases Position in Carlisle Companies Incorporated $CSL

Farther Finance Advisors LLC boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 67.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,027 shares of the conglomerate’s stock after purchasing an additional 414 shares during the quarter. Farther Finance Advisors LLC’s holdings in Carlisle Companies were worth $384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dagco Inc. acquired a new position in shares of Carlisle Companies during the 1st quarter worth approximately $27,000. MAI Capital Management grew its stake in Carlisle Companies by 37.8% in the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after acquiring an additional 34 shares during the period. CX Institutional purchased a new stake in Carlisle Companies in the 1st quarter worth $49,000. Wayfinding Financial LLC acquired a new position in Carlisle Companies during the first quarter worth $55,000. Finally, Allworth Financial LP lifted its holdings in Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock valued at $58,000 after purchasing an additional 42 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $327.59 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $377.62 and a 200 day moving average price of $373.65. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The stock has a market cap of $14.00 billion, a P/E ratio of 18.30, a PEG ratio of 1.06 and a beta of 1.05.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.24 earnings per share. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.3%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s payout ratio is 24.58%.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research reports. Truist Financial cut their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, September 22nd. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and an average price target of $429.17.

Carlisle Companies 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.