XML Financial LLC Sells 310 Shares of Carlisle Companies Incorporated $CSL

XML Financial LLC reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 26.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 875 shares of the conglomerate’s stock after selling 310 shares during the period. XML Financial LLC’s holdings in Carlisle Companies were worth $327,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CSL. Parallel Advisors LLC increased its position in Carlisle Companies by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 326 shares of the conglomerate’s stock worth $111,000 after buying an additional 89 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in shares of Carlisle Companies by 10.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,304 shares of the conglomerate’s stock worth $785,000 after purchasing an additional 219 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Carlisle Companies by 7.3% during the 1st quarter. Merit Financial Group LLC now owns 1,843 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 126 shares in the last quarter. Kwmg LLC grew its holdings in shares of Carlisle Companies by 0.9% during the 1st quarter. Kwmg LLC now owns 19,077 shares of the conglomerate’s stock worth $6,496,000 after purchasing an additional 178 shares in the last quarter. Finally, Sendero Wealth Management LLC grew its holdings in shares of Carlisle Companies by 17.2% during the 1st quarter. Sendero Wealth Management LLC now owns 1,446 shares of the conglomerate’s stock worth $492,000 after purchasing an additional 212 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock opened at $328.64 on Wednesday. The stock’s fifty day simple moving average is $374.35 and its 200 day simple moving average is $373.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.08 and a beta of 1.05. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.24 EPS. On average, analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $1.10 dividend. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CSL shares. Truist Financial decreased their price objective on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, September 22nd. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. decreased their price objective on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Finally, Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $429.17.

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.