Compass Wealth Management LLC Makes New Investment in Carlisle Companies Incorporated $CSL

Compass Wealth Management LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,044 shares of the conglomerate’s stock, valued at approximately $741,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Carlisle Companies by 8.4% in the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock valued at $952,000 after purchasing an additional 197 shares during the last quarter. Jump Financial LLC bought a new position in shares of Carlisle Companies in the 2nd quarter valued at $1,345,000. Bank of Nova Scotia raised its holdings in shares of Carlisle Companies by 118.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after buying an additional 893 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Carlisle Companies by 40.0% during the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after buying an additional 32,996 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSL has been the topic of several research analyst reports. Truist Financial reduced their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Oppenheimer boosted their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial initiated coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $401.17.

Carlisle Companies Stock Performance

NYSE:CSL opened at $356.57 on Wednesday. The stock’s 50-day moving average is $357.02 and its 200-day moving average is $357.99. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a market cap of $14.16 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $6.27 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that Carlisle Companies Incorporated will post 21.21 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.24%.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.