Frontier Wealth Management LLC Maintains Holdings in Carlisle Companies Incorporated (CSL)
Frontier Wealth Management LLC continued to hold its position in Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,500 shares of the conglomerate’s stock at the end of the 2nd quarter. Frontier Wealth Management LLC’s holdings in Carlisle Companies were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in CSL. NEXT Financial Group Inc increased its stake in Carlisle Companies by 39.3% in the 2nd quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock worth $104,000 after acquiring an additional 308 shares during the last quarter. Creative Planning boosted its holdings in shares of Carlisle Companies by 8.8% in the 2nd quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock worth $177,000 after purchasing an additional 150 shares during the period. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Carlisle Companies in the 1st quarter worth approximately $202,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Carlisle Companies in the 1st quarter worth approximately $252,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $253,000. 88.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carlisle Companies Incorporated (NYSE:CSL) traded down 0.23% during trading on Friday, hitting $100.29. The stock had a trading volume of 293,487 shares. Carlisle Companies Incorporated has a 52-week low of $92.09 and a 52-week high of $116.40. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 28.35 and a beta of 0.77. The firm’s 50-day moving average is $95.60 and its 200 day moving average is $100.02.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.03). Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted $1.75 EPS. Carlisle Companies’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts expect that Carlisle Companies Incorporated will post $5.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s dividend payout ratio (DPR) is currently 41.93%.
In related news, insider John E. Berlin sold 6,250 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.12% of the stock is currently owned by company insiders.
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CSL has been the subject of a number of recent research reports. Oppenheimer Holdings, Inc. set a $120.00 target price on Carlisle Companies and gave the stock a “buy” rating in a report on Tuesday, June 6th. BidaskClub cut Carlisle Companies from a “hold” rating to a “sell” rating in a report on Friday, June 9th. CIBC reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. Zacks Investment Research cut Carlisle Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Carlisle Companies in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $121.00.
About Carlisle Companies
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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