Eads & Heald Wealth Management Sells 102 Shares of Carlisle Companies Incorporated $CSL

Eads & Heald Wealth Management decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,069 shares of the conglomerate’s stock after selling 102 shares during the period. Carlisle Companies makes up approximately 1.1% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 27th biggest position. Eads & Heald Wealth Management’s holdings in Carlisle Companies were worth $2,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSL. Dagco Inc. bought a new stake in shares of Carlisle Companies during the 1st quarter valued at about $27,000. MAI Capital Management raised its stake in Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. CX Institutional bought a new stake in Carlisle Companies during the first quarter valued at approximately $49,000. Wayfinding Financial LLC purchased a new position in Carlisle Companies in the 1st quarter worth approximately $55,000. Finally, Allworth Financial LP increased 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 worth $58,000 after buying an additional 42 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.1%

NYSE:CSL opened at $328.25 on Monday. The firm has a market capitalization of $14.03 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.06 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. The company has a fifty day moving average of $368.43 and a 200 day moving average of $373.28. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last released 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). The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. Carlisle Companies’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.24 EPS. On average, research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced 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 is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio is currently 24.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CSL shares. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Saturday, September 27th. Truist Financial dropped their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, September 22nd. JPMorgan Chase & Co. reduced their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Finally, Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $429.17.

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.