Captrust Financial Advisors Lowers Stock Holdings in Carlisle Companies Incorporated $CSL

Captrust Financial Advisors decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,650 shares of the conglomerate’s stock after selling 3,287 shares during the period. Captrust Financial Advisors owned approximately 0.70% of Carlisle Companies worth $93,927,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Carlisle Companies by 6.9% in the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after buying an additional 134,241 shares during the period. Invesco Ltd. increased its holdings in shares of Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after buying an additional 27,049 shares during the period. Sands Capital Management LLC increased its holdings in shares of Carlisle Companies by 13.9% in the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after buying an additional 118,139 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Carlisle Companies by 20.4% in the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after buying an additional 109,410 shares during the period. Finally, Barclays PLC increased its holdings in shares of Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after buying an additional 451,662 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CSL shares. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Truist Financial lifted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Finally, Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Up 0.9%

Shares of NYSE:CSL opened at $356.77 on Wednesday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a market cap of $14.44 billion, a PE ratio of 20.97, a P/E/G ratio of 1.11 and a beta of 0.86. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The stock’s 50-day moving average is $347.43 and its 200 day moving average is $350.89.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $3.61 EPS. Carlisle Companies’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s payout ratio is currently 25.87%.

About Carlisle Companies

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.