11,931 Shares in Carlisle Companies Incorporated $CSL Bought by OFI Invest Asset Management

Key Points

• OFI Invest Asset Management recently purchased 11,931 shares of Carlisle Companies Inc. for approximately $4,455,000 during the second quarter.
• The company has a market cap of $13.83 billion and reported quarterly earnings of $6.27 EPS, missing analysts' expectations by ($0.40).
• Carlisle Companies has declared an increased quarterly dividend of $1.10 per share, marking an annualized yield of 1.4%.

OFI Invest Asset Management bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,931 shares of the conglomerate's stock, valued at approximately $4,455,000.

Several other institutional investors have also recently bought and sold shares of CSL. Baron Wealth Management LLC increased its holdings in shares of Carlisle Companies by 4.4% during the 2nd quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate's stock worth $233,000 after purchasing an additional 26 shares during the period. Hemington Wealth Management raised its position in shares of Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate's stock valued at $25,000 after buying an additional 26 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Carlisle Companies by 3.8% during the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate's stock valued at $310,000 after buying an additional 30 shares during the last quarter. Crestwood Advisors Group LLC raised its position in shares of Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock valued at $506,000 after buying an additional 31 shares during the last quarter. Finally, TFG Advisers LLC raised its position in shares of Carlisle Companies by 2.2% during the second quarter. TFG Advisers LLC now owns 1,565 shares of the conglomerate's stock valued at $584,000 after buying an additional 33 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSL. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlisle Companies in a research report on Wednesday. Truist Financial cut their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research report on Monday, September 22nd. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and cut their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Zacks Research lowered shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $429.17.

Carlisle Companies Price Performance

NYSE:CSL opened at $323.51 on Friday. The firm has a market cap of $13.83 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.05 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 quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The company's 50-day moving average price is $361.62 and its two-hundred day moving average price is $372.40.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly 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). The firm 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% on a year-over-year basis. During the same quarter last year, the firm earned $6.24 earnings per share. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a 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 presently 24.58%.

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.

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