2,657 Shares in Carlisle Companies Incorporated $CSL Acquired by Cinctive Capital Management LP

Key Points

• Cinctive Capital Management LP acquired a new stake in Carlisle Companies, purchasing 2,657 shares valued at approximately $905,000 during Q1 2023.
• Carlisle Companies reported earnings per share of $6.27 for the last quarter, missing estimates by $0.40, with revenue of $1.45 billion compared to expectations of $1.50 billion.
• The company increased its quarterly dividend from $1.00 to $1.10, indicating a positive change and representing an annual yield of 1.1%.

Cinctive Capital Management LP acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,657 shares of the conglomerate's stock, valued at approximately $905,000.

Several other large investors also recently modified their holdings of CSL. Crestwood Advisors Group LLC lifted its position in shares of Carlisle Companies by 2.1% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock worth $506,000 after buying an additional 31 shares during the period. MAI Capital Management lifted its holdings in shares of Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock valued at $42,000 after acquiring an additional 34 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Carlisle Companies by 1.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,783 shares of the conglomerate's stock valued at $948,000 after acquiring an additional 35 shares during the period. Net Worth Advisory Group boosted its stake in shares of Carlisle Companies by 2.8% in the 1st quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate's stock valued at $517,000 after purchasing an additional 41 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after purchasing an additional 42 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Down 2.6%

Shares of NYSE CSL traded down $10.12 during mid-day trading on Tuesday, hitting $382.54. The company's stock had a trading volume of 384,034 shares, compared to its average volume of 452,925. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company's fifty day simple moving average is $393.01 and its 200-day simple moving average is $372.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.27 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 earnings per share 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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $6.24 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. 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%.

Analysts Set New Price Targets

CSL has been the subject of several analyst reports. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price target for the company. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

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.