FORA Capital LLC Cuts Stock Position in Carlisle Companies Incorporated $CSL

Key Points

• FORA Capital LLC decreased its stake in Carlisle Companies by 21.3%, selling 1,687 shares, bringing its total holdings to 6,223 shares valued at approximately $2,119,000.
• Carlisle Companies recently reported quarterly earnings of $6.27 EPS, missing estimates by $0.40, with revenues also falling short of expectations at $1.45 billion.
• The company announced an increase in its quarterly dividend to $1.10 per share, set to be paid on September 2nd, with an annualized yield of 1.1%.

FORA Capital LLC cut its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 21.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,223 shares of the conglomerate's stock after selling 1,687 shares during the period. FORA Capital LLC's holdings in Carlisle Companies were worth $2,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Dagco Inc. acquired a new stake in Carlisle Companies in the 1st quarter worth approximately $27,000. CX Institutional acquired a new stake in Carlisle Companies in the 1st quarter worth approximately $49,000. Wayfinding Financial LLC acquired a new stake in Carlisle Companies in the 1st quarter worth approximately $55,000. Allworth Financial LP boosted its stake in 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 in the last quarter. Finally, Harbour Investments Inc. boosted its stake in Carlisle Companies by 277.1% in the 1st quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate's stock worth $62,000 after purchasing an additional 133 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Loop Capital lowered shares of 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, JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price target for the company. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $0.20 during trading on Friday, hitting $386.13. 268,454 shares of the stock traded hands, compared to its average volume of 438,318. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 1.24 and a beta of 1.05. The company has a fifty day moving average price of $391.28 and a two-hundred day moving average price of $370.63. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results 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). The firm 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%. Carlisle Companies's revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $6.24 earnings per share. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies's payout ratio 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.