Signaturefd LLC Boosts Stake in Carlisle Companies Incorporated $CSL

Signaturefd LLC raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 9.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 621 shares of the conglomerate’s stock after buying an additional 56 shares during the period. Signaturefd LLC’s holdings in Carlisle Companies were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dagco Inc. bought a new position in shares of Carlisle Companies during the first quarter worth about $27,000. MAI Capital Management raised its stake in Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares during the period. CX Institutional acquired a new stake in Carlisle Companies during the first quarter worth about $49,000. Wayfinding Financial LLC acquired a new stake in Carlisle Companies during the first quarter worth about $55,000. Finally, Allworth Financial LP raised its stake in Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after acquiring an additional 42 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Price Performance

NYSE CSL opened at $332.14 on Friday. The firm has a market capitalization of $14.20 billion, a PE ratio of 18.56, a P/E/G ratio of 1.07 and a beta of 1.00. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The company’s 50 day simple moving average is $370.56 and its 200 day simple moving average is $372.96.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.24 earnings per share. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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

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.