Summit Place Financial Advisors LLC Buys 90 Shares of Carlisle Companies Incorporated $CSL

Summit Place Financial Advisors LLC raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 8,353 shares of the conglomerate’s stock after purchasing an additional 90 shares during the quarter. Carlisle Companies accounts for about 1.6% of Summit Place Financial Advisors LLC’s portfolio, making the stock its 26th largest position. Summit Place Financial Advisors LLC’s holdings in Carlisle Companies were worth $3,119,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GFG Capital LLC bought a new position in shares of Carlisle Companies in the 2nd quarter worth $25,000. Dagco Inc. bought a new position in shares of Carlisle Companies in the 1st quarter worth $27,000. Costello Asset Management INC bought a new position in shares of Carlisle Companies in the 2nd quarter worth $34,000. MAI Capital Management increased its holdings in shares of Carlisle Companies by 37.8% in the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after buying an additional 34 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Carlisle Companies in the 1st quarter worth $49,000. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday. Truist Financial cut their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, September 22nd. JPMorgan Chase & Co. cut their price objective 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. Loop Capital cut shares of 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 research note on Thursday, July 31st. Finally, Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and an average price target of $429.17.

Carlisle Companies Trading Up 0.4%

NYSE:CSL opened at $323.51 on Friday. The company has a fifty day moving average of $361.62 and a 200 day moving average of $372.23. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week 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 firm has a market capitalization of $13.83 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.04 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results 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 firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $6.24 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict 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 dividend of $1.10 per share. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio (DPR) is currently 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.