Deroy & Devereaux Private Investment Counsel Inc. Has $36.55 Million Holdings in Carlisle Companies Incorporated $CSL

Deroy & Devereaux Private Investment Counsel Inc. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,881 shares of the conglomerate’s stock after selling 1,236 shares during the quarter. Carlisle Companies accounts for about 2.0% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 12th largest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Carlisle Companies were worth $36,549,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GFG Capital LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $25,000. Hemington Wealth Management boosted its position in Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares during the period. Dagco Inc. acquired a new stake in Carlisle Companies during the 1st quarter worth about $27,000. Costello Asset Management INC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $34,000. Finally, MAI Capital Management grew its stake in Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $329.93 on Wednesday. The business has a 50 day moving average price of $360.33 and a 200 day moving average price of $372.15. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $479.38. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.08 and a beta of 1.00. 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 announced its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company earned $6.24 EPS. Carlisle Companies’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $1.10 dividend. This is a positive change 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 annualized dividend and a yield of 1.3%. Carlisle Companies’s payout ratio is currently 24.58%.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of recent research reports. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on 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 decreased their price target on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, September 22nd. Finally, Loop Capital downgraded 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 note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.