Rise Advisors LLC Reduces Position in Carlisle Companies Incorporated $CSL

Rise Advisors LLC cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 32.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82 shares of the conglomerate’s stock after selling 40 shares during the period. Rise Advisors LLC’s holdings in Carlisle Companies were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CSL. Nissay Asset Management Corp Japan ADV boosted its position in Carlisle Companies by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 5,909 shares of the conglomerate’s stock worth $2,012,000 after purchasing an additional 59 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Carlisle Companies in the first quarter worth about $5,133,000. Cinctive Capital Management LP purchased a new position in Carlisle Companies in the first quarter worth about $905,000. AQR Capital Management LLC boosted its position in Carlisle Companies by 0.7% in the first quarter. AQR Capital Management LLC now owns 61,100 shares of the conglomerate’s stock worth $20,684,000 after purchasing an additional 404 shares during the last quarter. Finally, Amundi boosted its position in Carlisle Companies by 119.3% in the first quarter. Amundi now owns 106,534 shares of the conglomerate’s stock worth $35,530,000 after purchasing an additional 57,952 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CSL shares. JPMorgan Chase & Co. started coverage on Carlisle Companies in a research report on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 target price on the stock. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Wall Street Zen raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average target price of $450.83.

Carlisle Companies Stock Up 1.2%

CSL stock opened at $396.52 on Friday. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. 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 stock has a market cap of $16.95 billion, a P/E ratio of 22.15, a PEG ratio of 1.27 and a beta of 1.05. The business’s 50-day moving average price is $392.64 and its 200-day moving average price is $371.64.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share 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 company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm earned $6.24 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a dividend of $1.10 per share. This is a boost 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 annualized dividend and a yield of 1.1%. Carlisle Companies’s dividend payout ratio is 24.58%.

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.