HighTower Advisors LLC Sells 2,548 Shares of Carlisle Companies Incorporated $CSL

HighTower Advisors LLC cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,386 shares of the conglomerate’s stock after selling 2,548 shares during the period. HighTower Advisors LLC owned about 0.08% of Carlisle Companies worth $11,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CSL. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies in the fourth quarter worth $27,000. Signature Equity Partners LLC increased its position in shares of Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at $33,000. Jones Financial Companies Lllp bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $33,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter worth about $35,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CSL shares. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a report on Thursday, July 30th. DA Davidson began coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They set a “neutral” rating and a $410.00 target price for the company. Truist Financial decreased their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Finally, Weiss Ratings raised shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $402.43.

Carlisle Companies Price Performance

NYSE CSL opened at $337.66 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The company has a market cap of $13.41 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The firm’s 50-day simple moving average is $354.90 and its two-hundred day simple moving average is $353.61.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.27 earnings per share. Research analysts predict that Carlisle Companies Incorporated will post 21.27 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. Carlisle Companies’s dividend payout ratio is 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.