Carlisle Companies Incorporated $CSL Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. reduced its stake in Carlisle Companies by 1.2%, now holding 97,881 shares, which represent approximately 0.23% of the company valued at $36.5 million.
• Multiple institutional investors are actively adjusting their positions in Carlisle Companies, including Leith Wheeler Investment Counsel Ltd. which increased its shares by 755.3% during the second quarter.
• The company's recent earnings report revealed an EPS of $6.27, missing analyst expectations, while revenues were slightly down year-over-year, raising questions about its future performance.

Deroy & Devereaux Private Investment Counsel Inc. lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,881 shares of the conglomerate's stock after selling 1,236 shares during the quarter. Carlisle Companies makes up approximately 2.0% of Deroy & Devereaux Private Investment Counsel Inc.'s holdings, making the stock its 12th largest position. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.23% of Carlisle Companies worth $36,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSL. Cooke & Bieler LP acquired a new position in Carlisle Companies during the 1st quarter valued at approximately $74,095,000. Leith Wheeler Investment Counsel Ltd. boosted its position in Carlisle Companies by 755.3% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate's stock worth $91,000 after acquiring an additional 214,226 shares during the period. Pacer Advisors Inc. boosted its position in Carlisle Companies by 1,611.7% during the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock worth $73,202,000 after acquiring an additional 202,425 shares during the period. Nuveen LLC acquired a new position in Carlisle Companies during the 1st quarter worth $62,485,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate's stock worth $499,052,000 after acquiring an additional 130,235 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on Carlisle Companies from $444.00 to $385.00 and set a "buy" rating for the company in a research report on Monday. Robert W. Baird reduced their price target on Carlisle Companies from $440.00 to $385.00 and set an "outperform" rating for the company in a research report on Monday. Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Truist Financial reduced their price target on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research report on Monday, September 22nd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $403.33.

Carlisle Companies Stock Up 1.4%

Shares of Carlisle Companies stock opened at $329.93 on Wednesday. The stock's fifty day moving average is $360.33 and its 200-day moving average is $372.15. The firm has a market capitalization of $14.10 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. 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 12-month low of $311.41 and a 12-month high of $479.38.

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

Carlisle Companies Increases Dividend

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

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