Thoroughbred Financial Services LLC Buys New Position in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Thoroughbred Financial Services LLC recently purchased 879 shares of Carlisle Companies Incorporated, valued at approximately $299,000, indicating significant interest in the conglomerate's stock.
• The company's latest earnings report showed $6.27 earnings per share (EPS), missing analyst expectations and highlighting challenges in maintaining revenue growth.
• Analysts have a mixed outlook on Carlisle Companies, with a consensus rating of "Moderate Buy" and an average price target of $450.83 despite recent adjustments in price objectives by several research firms.

Thoroughbred Financial Services LLC acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 879 shares of the conglomerate's stock, valued at approximately $299,000.

Several other institutional investors also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in Carlisle Companies by 35.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after acquiring an additional 2,976 shares in the last quarter. Spire Wealth Management raised its stake in shares of Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock worth $667,000 after purchasing an additional 54 shares in the last quarter. CX Institutional bought a new stake in shares of Carlisle Companies during the 1st quarter worth approximately $49,000. GAMMA Investing LLC raised its stake in shares of Carlisle Companies by 12.4% during the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock worth $507,000 after purchasing an additional 164 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Carlisle Companies by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock valued at $376,000 after acquiring an additional 114 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 4.0%

Shares of CSL traded up $14.62 during mid-day trading on Tuesday, reaching $380.98. 167,851 shares of the company were exchanged, compared to its average volume of 463,538. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. 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 $16.29 billion, a PE ratio of 21.26, a PEG ratio of 1.16 and a beta of 1.05. The business has a 50 day simple moving average of $385.46 and a two-hundred day simple moving average of $369.00.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS 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 in the prior year, the business earned $6.24 EPS. The company's revenue for the quarter 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. 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. Carlisle Companies's payout ratio is 22.35%.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of research reports. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Truist Financial reduced their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. 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 on the stock. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and an average target price of $450.83.

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.