Motley Fool Wealth Management LLC Lowers Position in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Carlisle Companies by 6.5% during the first quarter, totaling 16,911 shares valued at approximately $5.76 million.
• Carlisle Companies recently announced an increase in its quarterly dividend from $1.00 to $1.10 per share, reflecting a 1.2% dividend yield.
• Despite reporting $6.27 earnings per share, Carlisle missed the consensus estimate of $6.67, with a slight year-over-year revenue decline of 0.1% to $1.45 billion.

Motley Fool Wealth Management LLC cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,911 shares of the conglomerate's stock after selling 1,167 shares during the quarter. Motley Fool Wealth Management LLC's holdings in Carlisle Companies were worth $5,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CSL. CX Institutional purchased a new position in shares of Carlisle Companies during the 1st quarter worth $49,000. GeoWealth Management LLC grew its holdings in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Carlisle Companies during the 1st quarter worth $55,000. Allworth Financial LP boosted its holdings in Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after acquiring an additional 42 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Carlisle Companies by 277.1% during the 1st quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate's stock valued at $62,000 after acquiring an additional 133 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL opened at $366.70 on Monday. The stock has a 50-day simple moving average of $385.57 and a 200-day simple moving average of $369.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The stock has a market capitalization of $15.68 billion, a PE ratio of 20.49, a PEG ratio of 1.16 and a beta of 1.05. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued 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). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $6.24 EPS. Carlisle Companies's revenue was down .1% on a year-over-year basis. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $1.10 per share. This is a boost 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 1.2%. Carlisle Companies's dividend payout ratio is 22.35%.

Analyst Ratings Changes

A number of brokerages recently commented on CSL. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Robert W. Baird raised their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price for the company. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and lowered their target price for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, Truist Financial lowered their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average 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.

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