Next Level Private LLC Sells 5,091 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Next Level Private LLC has reduced its stake in Carlisle Companies Incorporated by 28.2%, selling 5,091 shares and now holding 12,964 shares valued at approximately $4.84 million.
• Carlisle Companies reported earnings of $6.27 per share for the last quarter, falling short of expectations by $0.40, with revenue declining by 0.1% year-over-year.
• The company has increased its quarterly dividend from $1.00 to $1.10 per share, representing an annual yield of 1.2% and a payout ratio of 24.58%.

Next Level Private LLC cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 28.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,964 shares of the conglomerate's stock after selling 5,091 shares during the period. Carlisle Companies comprises about 1.6% of Next Level Private LLC's investment portfolio, making the stock its 18th biggest position. Next Level Private LLC's holdings in Carlisle Companies were worth $4,841,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of CSL. Focus Partners Wealth lifted its position in Carlisle Companies by 133.3% during the fourth quarter. Focus Partners Wealth now owns 1,346 shares of the conglomerate's stock valued at $502,000 after purchasing an additional 769 shares in the last quarter. Quantinno Capital Management LP lifted its position in Carlisle Companies by 8.0% during the fourth quarter. Quantinno Capital Management LP now owns 8,498 shares of the conglomerate's stock valued at $3,135,000 after purchasing an additional 631 shares in the last quarter. Royal Bank of Canada lifted its position in Carlisle Companies by 1.4% during the fourth quarter. Royal Bank of Canada now owns 253,427 shares of the conglomerate's stock valued at $93,474,000 after purchasing an additional 3,504 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its position in Carlisle Companies by 23.6% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 1,175 shares of the conglomerate's stock valued at $424,000 after purchasing an additional 224 shares in the last quarter. Finally, State of Wyoming lifted its position in Carlisle Companies by 105.1% during the fourth quarter. State of Wyoming now owns 566 shares of the conglomerate's stock valued at $209,000 after purchasing an additional 290 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

NYSE:CSL opened at $364.67 on Monday. The business's 50-day moving average is $391.72 and its 200 day moving average is $373.45. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a market capitalization of $15.59 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.17 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $6.24 earnings per share. The company's revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal 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 issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is currently 24.58%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CSL. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price on the stock. Loop Capital cut 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 report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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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