Leith Wheeler Investment Counsel Ltd. Boosts Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Leith Wheeler Investment Counsel Ltd. significantly increased its stake in Carlisle Companies by 755.3% during Q2, now holding 242,590 shares worth approximately $91,000.
• Several hedge funds, including Allspring Global Investments and Madison Asset Management, also boosted their holdings, indicating strong institutional interest in Carlisle Companies.
• Analysts have mixed ratings on Carlisle Companies, with recent adjustments lowering price targets and ratings, while the stock currently has a consensus target price of $429.17.

Leith Wheeler Investment Counsel Ltd. grew its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 755.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,590 shares of the conglomerate's stock after buying an additional 214,226 shares during the period. Leith Wheeler Investment Counsel Ltd. owned 0.56% of Carlisle Companies worth $91,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate's stock worth $499,052,000 after purchasing an additional 130,235 shares during the period. Madison Asset Management LLC boosted its position in shares of Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock worth $175,403,000 after purchasing an additional 113,312 shares during the period. Bessemer Group Inc. boosted its position in shares of Carlisle Companies by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock worth $171,880,000 after purchasing an additional 39,329 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Carlisle Companies by 11.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate's stock worth $170,017,000 after purchasing an additional 50,578 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Carlisle Companies by 1.4% during the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate's stock worth $168,737,000 after purchasing an additional 6,948 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CSL. Truist Financial lowered their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research report on Monday, September 22nd. Zacks Research cut shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. decreased 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, September 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Finally, Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price target for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of "Hold" and a consensus target price of $429.17.

Carlisle Companies Price Performance

Shares of CSL opened at $323.51 on Monday. The firm's fifty day simple moving average is $361.62 and its 200-day simple moving average is $372.56. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. 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 firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.08 and a beta of 1.00.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.24 EPS. Equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS 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. 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. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Carlisle Companies's dividend payout ratio is 24.58%.

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.

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