Sierra Legacy Group Takes Position in Carlisle Companies Incorporated $CSL

Sierra Legacy Group purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, Holdings Channel.com reports. The fund purchased 2,047 shares of the conglomerate’s stock, valued at approximately $764,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baron Wealth Management LLC raised its position in shares of Carlisle Companies by 4.4% in the second quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 26 shares during the period. Hemington Wealth Management increased its stake in shares of Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 26 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Carlisle Companies by 3.8% in the 2nd quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate’s stock worth $310,000 after purchasing an additional 30 shares during the period. Crestwood Advisors Group LLC boosted its position in Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock worth $506,000 after purchasing an additional 31 shares in the last quarter. Finally, TFG Advisers LLC grew its holdings in Carlisle Companies by 2.2% in the second quarter. TFG Advisers LLC now owns 1,565 shares of the conglomerate’s stock valued at $584,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Vertical Research initiated coverage on Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Truist Financial cut their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carlisle Companies in a research report on Thursday, October 30th. Finally, Robert W. Baird reduced their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $386.67.

Carlisle Companies Price Performance

Shares of CSL stock opened at $301.80 on Wednesday. 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 company has a market capitalization of $12.61 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. The firm’s 50-day moving average is $330.74 and its two-hundred day moving average is $367.53. Carlisle Companies Incorporated has a 12 month low of $295.09 and a 12 month high of $472.66.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $5.78 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. Analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 14th. Carlisle Companies’s dividend payout ratio is 24.96%.

Carlisle Companies 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.