Vest Financial LLC Buys 4,200 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Vest Financial LLC increased its stake in Carlisle Companies by 8.4%, owning a total of 54,266 shares valued at approximately $20.26 million after acquiring an additional 4,200 shares.
• Recent analyst ratings indicate a mixed outlook for Carlisle Companies, with target prices adjusted downward and a consensus rating of "Hold" from nine research analysts.
• Carlisle Companies recently raised its quarterly dividend to $1.10 per share, which represents a 1.4% yield on an annualized basis, up from the previous $1.00.

Vest Financial LLC increased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,266 shares of the conglomerate's stock after purchasing an additional 4,200 shares during the period. Vest Financial LLC owned 0.13% of Carlisle Companies worth $20,263,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Baron Wealth Management LLC raised its position in shares of Carlisle Companies by 4.4% during the 2nd quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate's stock valued at $233,000 after acquiring an additional 26 shares during the last quarter. Hemington Wealth Management raised its position in shares of Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 26 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Carlisle Companies by 3.8% during the 2nd quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate's stock valued at $310,000 after acquiring an additional 30 shares during the last quarter. Crestwood Advisors Group LLC raised its position in shares of Carlisle Companies by 2.1% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock valued at $506,000 after acquiring an additional 31 shares during the last quarter. Finally, TFG Advisers LLC raised its position in shares of Carlisle Companies by 2.2% during the 2nd quarter. TFG Advisers LLC now owns 1,565 shares of the conglomerate's stock valued at $584,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial dropped their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research report on Monday, September 22nd. Zacks Research cut shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Robert W. Baird decreased their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an "outperform" rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $403.33.

Carlisle Companies Price Performance

Shares of CSL stock opened at $325.89 on Tuesday. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. The company has a quick ratio of 1.47, a current ratio of 2.19 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 firm has a fifty day moving average of $360.97 and a 200-day moving average of $372.44.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates 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 for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $6.24 earnings per share. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 19th. 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%.

Carlisle Companies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.