Princeton Global Asset Management LLC Lowers Position in Carlisle Companies Incorporated $CSL

Princeton Global Asset Management LLC decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,220 shares of the conglomerate’s stock after selling 542 shares during the period. Carlisle Companies accounts for 1.2% of Princeton Global Asset Management LLC’s portfolio, making the stock its 26th largest position. Princeton Global Asset Management LLC’s holdings in Carlisle Companies were worth $6,430,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CSL. GFG Capital LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth $25,000. Hemington Wealth Management boosted its holdings in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 26 shares during the last quarter. Dagco Inc. purchased a new stake in Carlisle Companies during the first quarter valued at about $27,000. Costello Asset Management INC acquired a new stake in Carlisle Companies during the second quarter worth about $34,000. Finally, MAI Capital Management increased 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 last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CSL. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group reduced their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, October 8th. Finally, Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $403.33.

Carlisle Companies Trading Up 1.4%

CSL opened at $323.56 on Monday. The firm’s 50 day moving average is $358.28 and its 200-day moving average is $372.05. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $474.73. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $13.83 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.08 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last released 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 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 business posted $6.24 earnings per share. Carlisle Companies’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio is presently 24.58%.

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.