Summit Place Financial Advisors LLC Purchases 90 Shares of Carlisle Companies Incorporated $CSL

Summit Place Financial Advisors LLC lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,353 shares of the conglomerate’s stock after purchasing an additional 90 shares during the period. Carlisle Companies accounts for about 1.6% of Summit Place Financial Advisors LLC’s holdings, making the stock its 26th biggest position. Summit Place Financial Advisors LLC’s holdings in Carlisle Companies were worth $3,119,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in Carlisle Companies by 45.1% in the second quarter. Blue Trust Inc. now owns 647 shares of the conglomerate’s stock worth $242,000 after acquiring an additional 201 shares during the period. Costello Asset Management INC bought a new stake in Carlisle Companies in the second quarter worth about $34,000. Cyndeo Wealth Partners LLC bought a new stake in Carlisle Companies in the second quarter worth about $212,000. Triodos Investment Management BV raised its position in Carlisle Companies by 28.5% in the second quarter. Triodos Investment Management BV now owns 90,750 shares of the conglomerate’s stock worth $33,886,000 after acquiring an additional 20,150 shares during the period. Finally, Callan Family Office LLC raised its position in Carlisle Companies by 50.6% in the second quarter. Callan Family Office LLC now owns 1,235 shares of the conglomerate’s stock worth $461,000 after acquiring an additional 415 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $323.51 on Friday. The company has a 50 day moving average of $361.62 and a 200 day moving average of $372.23. The stock has a market cap of $13.83 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.04 and a beta of 1.00. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) 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 quarter last year, the business posted $6.24 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast 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 given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio (DPR) is 24.58%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday. Truist Financial lowered 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, September 22nd. JPMorgan Chase & Co. reduced 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 note on Wednesday, September 17th. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Finally, Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and a consensus target price of $429.17.

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.