Cary Street Partners Financial LLC Decreases Stake in Carlisle Companies Incorporated $CSL

Cary Street Partners Financial LLC decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,835 shares of the conglomerate’s stock after selling 2,140 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Carlisle Companies were worth $2,826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSL. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies during the fourth quarter valued at $27,000. Osterweis Capital Management Inc. acquired a new position in Carlisle Companies during the second quarter valued at $36,000. Torren Management LLC acquired a new position in Carlisle Companies during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. lifted its position in Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after purchasing an additional 34 shares during the period. Finally, LRI Investments LLC acquired a new position in Carlisle Companies during the third quarter valued at $41,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Finally, Robert W. Baird upped their price target on Carlisle Companies from $402.00 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Up 1.1%

Shares of CSL opened at $344.94 on Thursday. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The stock’s 50 day moving average is $344.74 and its two-hundred day moving average is $347.62. The firm has a market cap of $13.96 billion, a P/E ratio of 20.28, a PEG ratio of 1.08 and a beta of 0.88.

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

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

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.