Avior Wealth Management LLC Increases Position in Carlisle Companies Incorporated $CSL

Key Points

• Avior Wealth Management LLC increased its stake in Carlisle Companies by 174.1%, owning 2,810 shares valued at $1,049,000 as of its last filing.
• JPMorgan Chase & Co. downgraded Carlisle Companies' price objective from $480.00 to $410.00, while Zacks Research lowered its rating to "strong sell."
• Carlisle Companies announced a quarterly dividend increase from $1.00 to $1.10 per share, representing an annual yield of 1.3%.

Avior Wealth Management LLC increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 174.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,810 shares of the conglomerate's stock after buying an additional 1,785 shares during the quarter. Avior Wealth Management LLC's holdings in Carlisle Companies were worth $1,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. Cambridge Investment Research Advisors Inc. raised its position in shares of Carlisle Companies by 35.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock worth $3,902,000 after acquiring an additional 2,976 shares during the period. Spire Wealth Management grew its stake in Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after acquiring an additional 54 shares in the last quarter. CX Institutional purchased a new stake in shares of Carlisle Companies in the 1st quarter valued at approximately $49,000. GAMMA Investing LLC grew its stake in shares of Carlisle Companies by 12.4% in the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after buying an additional 164 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Carlisle Companies in the 1st quarter valued at approximately $17,025,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CSL. JPMorgan Chase & Co. decreased their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Zacks Research lowered shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and dropped their target price for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Truist Financial dropped their target price 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. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Carlisle Companies presently has an average rating of "Hold" and an average target price of $429.17.

Carlisle Companies Stock Up 1.7%

Shares of NYSE CSL opened at $333.14 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The firm has a 50-day moving average price of $376.18 and a 200 day moving average price of $373.63. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $6.24 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, August 19th. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. 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.

Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies Incorporated (NYSE:CSL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.