Clear Creek Financial Management LLC Boosts Stake in Carlisle Companies Incorporated $CSL

Clear Creek Financial Management LLC increased its position in Carlisle Companies Incorporated (NYSE:CSL) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,042 shares of the conglomerate’s stock after buying an additional 177 shares during the period. Clear Creek Financial Management LLC’s holdings in Carlisle Companies were worth $763,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Dagco Inc. bought a new stake in Carlisle Companies during the first quarter worth approximately $27,000. MAI Capital Management increased its stake in Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares during the last quarter. CX Institutional bought a new stake in Carlisle Companies during the first quarter worth approximately $49,000. Wayfinding Financial LLC bought a new stake in Carlisle Companies during the first quarter worth approximately $55,000. Finally, Allworth Financial LP increased its stake in Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after acquiring an additional 42 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 0.4%

Shares of NYSE CSL opened at $323.51 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.04 and a beta of 1.00. The stock has a 50 day moving average price of $361.62 and a 200 day moving average price of $372.23. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

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

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $1.10 dividend. The ex-dividend date was Tuesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

Several brokerages have weighed in on CSL. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Truist Financial reduced their price objective on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and cut their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. cut their target price on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Four equities research 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 data from MarketBeat, Carlisle Companies has a consensus rating of “Hold” and an average target price of $429.17.

Carlisle Companies Company Profile

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.