Alley Investment Management Company LLC Has $6.61 Million Holdings in Carlisle Companies Incorporated $CSL

Alley Investment Management Company LLC increased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 0.7% in the second quarter, Holdings Channel.com reports. The firm owned 17,698 shares of the conglomerate’s stock after purchasing an additional 118 shares during the quarter. Alley Investment Management Company LLC’s holdings in Carlisle Companies were worth $6,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dagco Inc. acquired a new position in Carlisle Companies in the 1st quarter worth $27,000. MAI Capital Management boosted its stake in 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 purchasing an additional 34 shares during the period. CX Institutional acquired a new position in Carlisle Companies in the 1st quarter worth $49,000. Wayfinding Financial LLC acquired a new position in Carlisle Companies in the 1st quarter worth $55,000. Finally, Allworth Financial LP lifted its position in Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after buying an additional 42 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial cut their price target on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, September 22nd. JPMorgan Chase & Co. cut their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $429.17.

Carlisle Companies Stock Down 1.6%

Shares of CSL stock opened at $328.64 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The firm’s 50-day moving average is $374.35 and its 200-day moving average is $373.32. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.08 and a beta of 1.05. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The firm 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%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $6.24 earnings per share. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

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