Inspire Investing LLC Trims Stock Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Inspire Investing LLC has reduced its holdings in Carlisle Companies by 26.6%, owning 4,921 shares post-sale, valued at approximately $1.68 million.
• Recent analyst ratings for Carlisle Companies show a consensus of "Moderate Buy", with revised targets ranging from $395 to $500 per share.
• Carlisle Companies reported quarterly earnings of $6.27 per share, missing estimates, with revenues of $1.45 billion down by 0.1% year-over-year; the company also increased its quarterly dividend from $1.00 to $1.10.

Inspire Investing LLC lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,921 shares of the conglomerate's stock after selling 1,779 shares during the period. Inspire Investing LLC's holdings in Carlisle Companies were worth $1,676,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dagco Inc. bought a new stake in Carlisle Companies in the first quarter valued at $27,000. MAI Capital Management raised its stake in Carlisle Companies by 37.8% during the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock worth $42,000 after buying an additional 34 shares during the period. CX Institutional acquired a new stake in Carlisle Companies in the first quarter valued at approximately $49,000. Wayfinding Financial LLC acquired a new stake in Carlisle Companies in the first quarter valued at approximately $55,000. Finally, Allworth Financial LP raised its position in shares of Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after purchasing an additional 42 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded down $2.05 during mid-day trading on Thursday, hitting $331.94. 222,341 shares of the stock were exchanged, compared to its average volume of 465,640. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a 50-day simple moving average of $388.08 and a 200 day simple moving average of $373.05. The company has a market capitalization of $14.19 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.09 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued 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 business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $6.24 earnings per share. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.3%. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies's dividend payout ratio is currently 24.58%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSL. JPMorgan Chase & Co. reduced their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a research report on Wednesday. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average target price of $435.83.

About Carlisle Companies

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.