Carlisle Companies Incorporated $CSL Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 29.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 335 shares of the conglomerate’s stock after selling 142 shares during the period. IFP Advisors Inc’s holdings in Carlisle Companies were worth $125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate’s stock worth $3,902,000 after acquiring an additional 2,976 shares in the last quarter. Spire Wealth Management raised its position in shares of Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate’s stock worth $667,000 after acquiring an additional 54 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Carlisle Companies by 12.4% during the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate’s stock worth $507,000 after acquiring an additional 164 shares in the last quarter. Strs Ohio acquired a new stake in shares of Carlisle Companies during the 1st quarter worth about $17,025,000. Finally, Signaturefd LLC raised its position in shares of Carlisle Companies by 9.9% during the 2nd quarter. Signaturefd LLC now owns 621 shares of the conglomerate’s stock worth $232,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Up 1.4%

Carlisle Companies stock opened at $323.56 on Friday. 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 Incorporated has a 1-year low of $311.41 and a 1-year high of $474.73. The company has a market cap of $13.83 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. The stock’s 50 day moving average price is $358.28 and its 200 day moving average price is $371.74.

Carlisle Companies (NYSE:CSL) last posted its quarterly 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). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $6.24 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side 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. Stockholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio is currently 24.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CSL shares. The Goldman Sachs Group cut their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Finally, Truist Financial dropped their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, September 22nd. Four analysts have rated the stock with a Buy rating, four 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 an average rating of “Hold” and a consensus price target of $403.33.

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.