Inspire Investing LLC Sells 262 Shares of Carlisle Companies Incorporated $CSL

Inspire Investing LLC reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,659 shares of the conglomerate’s stock after selling 262 shares during the quarter. Inspire Investing LLC’s holdings in Carlisle Companies were worth $1,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GFG Capital LLC bought a new position in Carlisle Companies in the second quarter worth $25,000. Dagco Inc. bought a new position in Carlisle Companies in the first quarter worth $27,000. Costello Asset Management INC bought a new position in Carlisle Companies in the second quarter worth $34,000. MAI Capital Management lifted its position in Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 34 shares during the period. Finally, CX Institutional bought a new position in Carlisle Companies in the first quarter worth $49,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Up 0.4%

Shares of NYSE:CSL opened at $323.51 on Friday. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company’s 50-day moving average price is $361.62 and its two-hundred day moving average price is $372.40. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm has a market cap of $13.83 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.05 and a beta of 1.00.

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 return on equity of 38.16% and a net margin of 16.12%.The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $6.24 EPS. The firm’s revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given 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 yield of 1.4%. Carlisle Companies’s dividend payout ratio is 24.58%.

Wall Street Analysts Forecast Growth

CSL has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research report 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. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Truist Financial cut their price objective on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a report on Monday, September 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $429.17.

Carlisle Companies 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.