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Kingstone Capital Partners Texas LLC Makes New $5.38 Million Investment in Carlisle Companies Incorporated $CSL

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Key Points

  • Kingstone Capital Partners Texas LLC has acquired 14,400 shares of Carlisle Companies, valued at approximately $5.37 million, representing a new investment during the second quarter.
  • Analysts have mixed views on Carlisle Companies, with Loop Capital downgrading its rating from "buy" to "hold," while four research firms still rate it as a "buy" with a consensus target price of $435.83.
  • Carlisle Companies has announced a quarterly dividend increase to $1.10 per share, up from the previous $1.00, indicating a dividend yield of 1.3%.
  • MarketBeat previews the top five stocks to own by November 1st.

Kingstone Capital Partners Texas LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,400 shares of the conglomerate's stock, valued at approximately $5,377,000.

Several other institutional investors also recently modified their holdings of the business. Baron Wealth Management LLC grew its holdings in shares of Carlisle Companies by 4.4% in the second quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate's stock valued at $233,000 after acquiring an additional 26 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Carlisle Companies by 2.1% in the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock valued at $506,000 after acquiring an additional 31 shares in the last quarter. MAI Capital Management grew its holdings in shares of Carlisle Companies by 37.8% in 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Carlisle Companies by 1.3% in 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 in the last quarter. Finally, Net Worth Advisory Group grew its holdings in shares of Carlisle Companies by 2.8% in the first quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate's stock valued at $517,000 after acquiring an additional 41 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Truist Financial reduced their price objective on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a report on Monday. Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $429.17.

Read Our Latest Analysis on Carlisle Companies

Carlisle Companies Stock Down 0.9%

Carlisle Companies stock traded down $2.97 during trading hours on Tuesday, hitting $335.81. 220,052 shares of the stock traded hands, compared to its average volume of 474,415. The firm's 50-day moving average price is $383.37 and its two-hundred day moving average price is $373.66. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company has a market cap of $14.36 billion, a PE ratio of 18.76, a PEG ratio of 1.09 and a beta of 1.05. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the business posted $6.24 earnings per share. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed 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%. The ex-dividend date of this dividend was Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's payout ratio is presently 24.58%.

Carlisle Companies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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