Sylvest Advisors LLC Reduces Holdings in Carlisle Companies Incorporated $CSL

Sylvest Advisors LLC lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,061 shares of the conglomerate’s stock after selling 32 shares during the period. Carlisle Companies accounts for 0.4% of Sylvest Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Sylvest Advisors LLC’s holdings in Carlisle Companies were worth $770,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dagco Inc. purchased a new position in shares of Carlisle Companies in the first quarter worth $27,000. MAI Capital Management raised its stake in Carlisle Companies by 37.8% during 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. CX Institutional purchased a new stake in Carlisle Companies during the first quarter valued at $49,000. Wayfinding Financial LLC purchased a new position in shares of Carlisle Companies in the 1st quarter worth $55,000. Finally, Allworth Financial LP increased its holdings in shares of Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after buying an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CSL shares. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Finally, Truist Financial cut their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $429.17.

Carlisle Companies Stock Down 1.0%

NYSE:CSL opened at $332.24 on Thursday. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a 50-day moving average of $380.86 and a 200 day moving average of $373.11. The firm has a market cap of $14.20 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.09 and a beta of 1.05. 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 (NYSE:CSL) last released its quarterly earnings data 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 business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company earned $6.24 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. 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. Carlisle Companies’s payout ratio 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.