Next Level Private LLC Lowers Stake in Carlisle Companies Incorporated $CSL

Next Level Private LLC cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 28.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,964 shares of the conglomerate’s stock after selling 5,091 shares during the quarter. Carlisle Companies comprises approximately 1.6% of Next Level Private LLC’s portfolio, making the stock its 18th biggest holding. Next Level Private LLC’s holdings in Carlisle Companies were worth $4,841,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Dagco Inc. acquired a new stake in shares of Carlisle Companies during the 1st quarter worth approximately $27,000. MAI Capital Management increased its holdings in Carlisle Companies by 37.8% in the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. CX Institutional acquired a new position in shares of Carlisle Companies in the first quarter worth $49,000. Wayfinding Financial LLC acquired a new position in shares of Carlisle Companies in the first quarter worth $55,000. Finally, Allworth Financial LP grew its stake in shares of Carlisle Companies by 32.8% in the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after acquiring an additional 42 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CSL. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 price target for the company. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average target price of $450.83.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $364.67 on Monday. The stock has a market cap of $15.59 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The company has a fifty day simple moving average of $391.72 and a 200-day simple moving average of $373.45. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last released 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 firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $6.24 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. 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. Carlisle Companies’s dividend payout ratio is presently 24.58%.

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.