Carlisle Companies Incorporated $CSL Stake Decreased by Inspire Investing LLC

Key Points

• Inspire Investing reduced its Carlisle Companies stake by 41.6% in the third quarter, selling 5,970 shares and retaining 8,396 shares valued at approximately $2.7 million. Institutional investors collectively own 89.52% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Hold ratings. Carlisle has a consensus rating of “Moderate Buy” and an average price target of $394.50.
• Carlisle reported quarterly EPS of $7.03, beating estimates of $6.35, while revenue rose 8.3% year over year to $1.57 billion. The company also increased its quarterly dividend to $1.25 per share, equivalent to a 1.4% yield.

Inspire Investing LLC trimmed its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 41.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,396 shares of the conglomerate's stock after selling 5,970 shares during the quarter. Inspire Investing LLC's holdings in Carlisle Companies were worth $2,705,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CSL. Nykredit A S bought a new position in Carlisle Companies in the 2nd quarter valued at $2,747,000. Empowered Funds LLC purchased a new position in shares of Carlisle Companies during the 2nd quarter valued at $1,914,000. Squarepoint Ops LLC grew its position in shares of Carlisle Companies by 28.8% during the 2nd quarter. Squarepoint Ops LLC now owns 47,679 shares of the conglomerate's stock valued at $17,296,000 after purchasing an additional 10,653 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Carlisle Companies in the second quarter worth $49,811,000. Finally, Man Group plc bought a new position in shares of Carlisle Companies in the second quarter worth $4,682,000. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CSL shares. DA Davidson set a $355.00 price objective on Carlisle Companies in a research report on Friday, October 9th. Truist Financial reduced their target price on Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research report on Tuesday, July 7th. Robert W. Baird reduced their target price on Carlisle Companies from $412.00 to $402.00 and set an "outperform" rating for the company in a research report on Tuesday, October 13th. Finally, Weiss Ratings upgraded Carlisle Companies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $394.50.

Carlisle Companies Trading Down 2.1%

Shares of CSL opened at $345.11 on Friday. The firm's 50 day simple moving average is $337.14 and its 200 day simple moving average is $347.11. The company has a market capitalization of $13.70 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.09 and a beta of 0.84. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its 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. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business posted $6.27 earnings per share. Carlisle Companies's revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were given a dividend of $1.25 per share. This is an increase from Carlisle Companies's previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Carlisle Companies's dividend payout ratio is 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle's product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.

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