Motley Fool Wealth Management LLC Decreases Stock Position in Carlisle Companies Incorporated $CSL

Motley Fool Wealth Management LLC reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,009 shares of the conglomerate’s stock after selling 1,902 shares during the period. Motley Fool Wealth Management LLC’s holdings in Carlisle Companies were worth $5,604,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CSL. GAMMA Investing LLC raised its holdings in Carlisle Companies by 12.4% in the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate’s stock worth $507,000 after acquiring an additional 164 shares during the last quarter. KBC Group NV raised its holdings in Carlisle Companies by 5.8% in the 1st quarter. KBC Group NV now owns 14,294 shares of the conglomerate’s stock worth $4,867,000 after acquiring an additional 787 shares during the last quarter. Astoria Portfolio Advisors LLC. raised its holdings in Carlisle Companies by 89.1% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 1,114 shares of the conglomerate’s stock worth $401,000 after acquiring an additional 525 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in Carlisle Companies by 202.3% in the 1st quarter. Clear Creek Financial Management LLC now owns 1,865 shares of the conglomerate’s stock worth $635,000 after acquiring an additional 1,248 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Carlisle Companies by 34.7% in the 1st quarter. DAVENPORT & Co LLC now owns 7,722 shares of the conglomerate’s stock worth $2,629,000 after acquiring an additional 1,990 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSL has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Robert W. Baird decreased their target price on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Oppenheimer decreased their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and a consensus price target of $390.00.

Carlisle Companies Trading Down 0.1%

Shares of CSL stock opened at $338.84 on Tuesday. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $472.66. The firm has a fifty day moving average price of $352.41 and a 200-day moving average price of $372.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.14 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 earnings per share (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 for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $6.24 EPS. The company’s revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current 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 given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s payout ratio is presently 24.58%.

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.