355 Shares in Carlisle Companies Incorporated $CSL Acquired by RMG Wealth Management LLC

RMG Wealth Management LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 355 shares of the conglomerate’s stock, valued at approximately $145,000.

Several other hedge funds have also made changes to their positions in the business. Merit Financial Group LLC lifted its position in Carlisle Companies by 7.3% during the 1st quarter. Merit Financial Group LLC now owns 1,843 shares of the conglomerate’s stock worth $627,000 after acquiring an additional 126 shares during the period. Gateway Investment Advisers LLC raised its stake in shares of Carlisle Companies by 12.8% during the first quarter. Gateway Investment Advisers LLC now owns 766 shares of the conglomerate’s stock worth $261,000 after purchasing an additional 87 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Carlisle Companies by 73.4% during the first quarter. UMB Bank n.a. now owns 326 shares of the conglomerate’s stock worth $111,000 after purchasing an additional 138 shares during the period. Miracle Mile Advisors LLC purchased a new position in Carlisle Companies in the 1st quarter valued at $225,000. Finally, Park Avenue Securities LLC increased its stake in Carlisle Companies by 15.6% in the 1st quarter. Park Avenue Securities LLC now owns 799 shares of the conglomerate’s stock valued at $272,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.1%

Shares of CSL stock opened at $328.30 on Tuesday. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The stock has a market cap 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 business has a fifty day simple moving average of $366.46 and a 200-day simple moving average of $373.22. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $6.24 earnings per share. Carlisle Companies’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio is 24.58%.

Analyst Ratings Changes

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

About Carlisle Companies

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.