Carlisle Companies Incorporated $CSL Shares Sold by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 19.5% during the 4th quarter, HoldingsChannel reports. The fund owned 8,835 shares of the conglomerate’s stock after selling 2,140 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Carlisle Companies were worth $2,826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CSL. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies during the fourth quarter worth about $27,000. Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies during the second quarter worth about $36,000. Torren Management LLC acquired a new stake in Carlisle Companies during the fourth quarter worth about $33,000. SBI Securities Co. Ltd. increased its position in Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 34 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in Carlisle Companies during the third quarter worth about $41,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Up 1.1%

NYSE:CSL opened at $344.94 on Thursday. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The stock’s fifty day moving average is $344.74 and its two-hundred day moving average is $347.62. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.08 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the firm earned $3.61 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Research analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 25.87%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSL. Robert W. Baird raised their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.