Marks Group Wealth Management Inc Sells 1,710 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Marks Group Wealth Management Inc reduced its stake in Carlisle Companies Incorporated by 6.7%, selling 1,710 shares, and now holds approximately 0.05% of the company, valued at $8,826,000.
• Carlisle Companies recently reported quarterly earnings of $6.27 per share, missing analysts' estimates, with revenues of $1.45 billion, lower than expected.
• The company declared a new quarterly dividend of $1.10 per share, up from the previous $1.00, indicating a 1.3% yield and a payout ratio of 24.58%.

Marks Group Wealth Management Inc decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,638 shares of the conglomerate's stock after selling 1,710 shares during the quarter. Marks Group Wealth Management Inc owned about 0.05% of Carlisle Companies worth $8,826,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CSL. Cooke & Bieler LP bought a new stake in shares of Carlisle Companies in the 1st quarter valued at $74,095,000. Pacer Advisors Inc. increased its stake in shares of Carlisle Companies by 1,611.7% in the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after acquiring an additional 202,425 shares in the last quarter. Nuveen LLC bought a new stake in shares of Carlisle Companies in the 1st quarter valued at $62,485,000. Victory Capital Management Inc. increased its stake in shares of Carlisle Companies by 112.3% in the 1st quarter. Victory Capital Management Inc. now owns 240,516 shares of the conglomerate's stock valued at $81,896,000 after acquiring an additional 127,234 shares in the last quarter. Finally, Madison Asset Management LLC increased its stake in shares of Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock valued at $175,403,000 after acquiring an additional 113,312 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $328.25 on Monday. 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 $14.03 billion, a P/E ratio of 18.34, a PEG ratio of 1.06 and a beta of 1.00. The company has a fifty day simple moving average of $368.43 and a 200 day simple moving average of $373.28. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.24 earnings per share. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share 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 represents a $4.40 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's payout ratio is presently 24.58%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. 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 note on Monday, September 22nd. Zacks Research lowered shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Carlisle Companies in a research report on Saturday, September 27th. Finally, Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $429.17.

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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