Cwm LLC Grows Holdings in Carlisle Companies Incorporated $CSL

Cwm LLC raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,076 shares of the conglomerate’s stock after purchasing an additional 41 shares during the period. Cwm LLC’s holdings in Carlisle Companies were worth $1,149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Carlisle Companies in the 2nd quarter valued at about $4,455,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Carlisle Companies by 30.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,712 shares of the conglomerate’s stock valued at $2,507,000 after purchasing an additional 1,574 shares in the last quarter. Hemington Wealth Management lifted its holdings in Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 26 shares in the last quarter. Summit Place Financial Advisors LLC increased its stake in shares of Carlisle Companies by 1.1% during the 2nd quarter. Summit Place Financial Advisors LLC now owns 8,353 shares of the conglomerate’s stock valued at $3,119,000 after acquiring an additional 90 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Carlisle Companies by 45.1% during the 2nd quarter. Blue Trust Inc. now owns 647 shares of the conglomerate’s stock valued at $242,000 after acquiring an additional 201 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSL. Oppenheimer dropped their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday. Vertical Research began coverage on shares of Carlisle Companies in a research note on Monday. They set a “hold” rating for the company. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $390.00.

Carlisle Companies Stock Up 1.6%

NYSE CSL opened at $334.71 on Wednesday. The stock has a market cap of $14.31 billion, a PE ratio of 18.70, a P/E/G ratio of 1.10 and a beta of 1.00. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $472.66. The business has a 50 day moving average price of $356.53 and a two-hundred day moving average price of $371.81. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

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). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.24 EPS. As a group, sell-side analysts predict 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 paid a dividend of $1.10 per share. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.58%.

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.