Wealth Enhancement Advisory Services LLC Has $2.95 Million Stake in Carlisle Companies Incorporated $CSL

Wealth Enhancement Advisory Services LLC grew its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 23.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,418 shares of the conglomerate's stock after purchasing an additional 1,425 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Carlisle Companies were worth $2,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dagco Inc. acquired a new stake in Carlisle Companies during the first quarter worth approximately $27,000. MAI Capital Management grew its position in Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock worth $42,000 after buying an additional 34 shares in the last quarter. CX Institutional acquired a new stake in Carlisle Companies during the first quarter worth approximately $49,000. Wayfinding Financial LLC acquired a new stake in Carlisle Companies during the first quarter worth approximately $55,000. Finally, Allworth Financial LP boosted its holdings in shares of Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CSL shares. Truist Financial dropped their price target on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their target price on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Zacks Research downgraded Carlisle Companies from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Finally, Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of "Hold" and a consensus price target of $429.17.

Carlisle Companies Trading Down 0.0%

Shares of CSL stock opened at $327.59 on Friday. The company's fifty day simple moving average is $377.62 and its two-hundred day simple moving average is $373.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.06 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results 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). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.24 EPS. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies's payout ratio 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.

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