TFG Advisers LLC Has $584,000 Stock Holdings in Carlisle Companies Incorporated $CSL

TFG Advisers LLC increased its position in Carlisle Companies Incorporated (NYSE:CSL) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 1,565 shares of the conglomerate’s stock after buying an additional 33 shares during the quarter. TFG Advisers LLC’s holdings in Carlisle Companies were worth $584,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Carlisle Companies by 4.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate’s stock worth $394,244,000 after acquiring an additional 49,102 shares during the period. Madison Asset Management LLC grew its stake in Carlisle Companies by 28.2% during the first quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after buying an additional 113,312 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Carlisle Companies by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock worth $171,880,000 after buying an additional 39,329 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Carlisle Companies by 11.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock worth $170,017,000 after purchasing an additional 50,578 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Carlisle Companies by 1.4% during the first quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after purchasing an additional 6,948 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL opened at $332.15 on Thursday. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.07 and a beta of 1.00. The company has a fifty day moving average of $372.50 and a 200 day moving average of $373.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

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

Carlisle Companies Increases Dividend

The firm also recently announced 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 is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is 24.58%.

Analysts Set New Price Targets

Several analysts have recently commented on CSL shares. Loop Capital downgraded Carlisle Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Truist Financial decreased their price target on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, September 22nd. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Carlisle Companies currently 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.