Carlisle Companies Incorporated $CSL Stock Position Increased by Tributary Capital Management LLC

Tributary Capital Management LLC lifted its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,614 shares of the conglomerate’s stock after buying an additional 135 shares during the period. Tributary Capital Management LLC’s holdings in Carlisle Companies were worth $1,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cooke & Bieler LP acquired a new stake in shares of Carlisle Companies during the first quarter worth $74,095,000. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Carlisle Companies by 755.3% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock worth $91,000 after purchasing an additional 214,226 shares during the period. Pacer Advisors Inc. raised its position in shares of Carlisle Companies by 1,611.7% during the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock worth $73,202,000 after purchasing an additional 202,425 shares during the period. Nuveen LLC acquired a new stake in shares of Carlisle Companies during the first quarter worth $62,485,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Carlisle Companies by 11.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after purchasing an additional 130,235 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Vertical Research assumed coverage on Carlisle Companies in a report on Monday. They set a “hold” rating on the stock. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Truist Financial lowered their price target on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, October 8th. Finally, Loop Capital downgraded Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $390.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $330.88 on Thursday. The business’s 50-day moving average price is $355.14 and its two-hundred day moving average price is $371.52. 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 Incorporated has a one year low of $311.41 and a one year high of $472.66. The company has a market capitalization of $14.15 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00.

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

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 24.58%.

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.