Van ECK Associates Corp Sells 2,249 Shares of Carlisle Companies Incorporated $CSL

Van ECK Associates Corp decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 23.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,198 shares of the conglomerate’s stock after selling 2,249 shares during the quarter. Van ECK Associates Corp’s holdings in Carlisle Companies were worth $2,611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CSL. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $27,000. Signature Equity Partners LLC increased its position in Carlisle Companies by 3,133.3% during the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after buying an additional 94 shares during the last quarter. Allied Private Wealth LLC bought a new position in Carlisle Companies during the second quarter valued at about $33,000. Jones Financial Companies Lllp bought a new position in Carlisle Companies during the second quarter valued at about $33,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Carlisle Companies in the second quarter worth about $35,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.8%

Carlisle Companies stock opened at $344.75 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The firm has a fifty day moving average price of $357.03 and a two-hundred day moving average price of $355.35. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 1.07 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $6.27 earnings per share. As a group, analysts forecast that Carlisle Companies Incorporated will post 21.27 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 1st. Investors of record on Wednesday, August 19th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio is currently 28.69%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial decreased their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings upgraded Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Robert W. Baird set a $412.00 target price on Carlisle Companies in a research report on Thursday, July 30th. Finally, DA Davidson initiated coverage on Carlisle Companies in a report on Monday, August 24th. They set a “neutral” rating and a $410.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $402.43.

Carlisle Companies Company 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.