GAMMA Investing LLC Increases Stake in Carlisle Companies Incorporated $CSL

GAMMA Investing LLC boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 22.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,821 shares of the conglomerate’s stock after purchasing an additional 332 shares during the period. GAMMA Investing LLC’s holdings in Carlisle Companies were worth $680,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Park Avenue Securities LLC increased its stake in Carlisle Companies by 3.8% in the 2nd quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate’s stock worth $310,000 after purchasing an additional 30 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Carlisle Companies by 67.5% during the second quarter. Farther Finance Advisors LLC now owns 1,027 shares of the conglomerate’s stock valued at $384,000 after buying an additional 414 shares during the period. UMB Bank n.a. increased its stake in shares of Carlisle Companies by 69.9% during the second quarter. UMB Bank n.a. now owns 554 shares of the conglomerate’s stock valued at $207,000 after buying an additional 228 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Carlisle Companies by 19.5% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,520 shares of the conglomerate’s stock valued at $2,061,000 after buying an additional 900 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Carlisle Companies during the second quarter valued at approximately $5,377,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.0%

NYSE CSL opened at $332.24 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The firm has a market capitalization of $14.20 billion, a PE ratio of 18.56, a P/E/G ratio of 1.09 and a beta of 1.05. The stock’s 50 day moving average is $380.86 and its 200 day moving average is $373.11.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate 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 firm earned $6.24 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio is presently 24.58%.

Analyst Ratings Changes

Several research firms have recently issued reports on CSL. Loop Capital cut 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. JPMorgan Chase & Co. reduced their target price on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Finally, Truist Financial reduced their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.