Simplicity Wealth LLC Buys New Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Simplicity Wealth LLC acquired a new stake in Carlisle Companies, buying 908 shares valued at approximately $339,000 during the second quarter.
• The conglomerate reported $6.27 EPS for the last quarter, missing analysts' expectations by $0.40, with a revenue of $1.45 billion, slightly below forecasts.
• Carlisle Companies recently increased its quarterly dividend to $1.10 per share, reflecting a 1.3% yield and a payout ratio of 24.58%.

Simplicity Wealth LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 908 shares of the conglomerate's stock, valued at approximately $339,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after purchasing an additional 2,976 shares during the period. Spire Wealth Management raised its stake in Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after purchasing an additional 54 shares during the period. CX Institutional bought a new stake in Carlisle Companies during the 1st quarter valued at approximately $49,000. GAMMA Investing LLC raised its stake in Carlisle Companies by 12.4% during the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after purchasing an additional 164 shares during the period. Finally, Strs Ohio bought a new stake in Carlisle Companies during the 1st quarter valued at approximately $17,025,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $329.57 on Thursday. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. 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 50 day moving average price of $362.85 and a 200-day moving average price of $372.59. 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 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). 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 firm earned $6.24 EPS. Carlisle Companies's revenue was down .1% compared to the same quarter last year. Equities analysts expect 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. Investors of record on Tuesday, August 19th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, August 19th. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CSL shares. Truist Financial reduced their price objective on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a research note on Monday, September 22nd. Zacks Research downgraded Carlisle Companies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 23rd. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlisle Companies in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Carlisle Companies currently has a consensus rating of "Hold" and a consensus price target of $429.17.

About Carlisle Companies

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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