Spire Wealth Management Has $381,000 Stock Position in Carlisle Companies Incorporated $CSL

Spire Wealth Management lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 48.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,020 shares of the conglomerate’s stock after selling 940 shares during the quarter. Spire Wealth Management’s holdings in Carlisle Companies were worth $381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CSL. Cooke & Bieler LP acquired a new stake in shares of Carlisle Companies in the first quarter valued at about $74,095,000. Leith Wheeler Investment Counsel Ltd. increased its position in shares of Carlisle Companies by 755.3% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock valued at $91,000 after acquiring an additional 214,226 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock valued at $73,202,000 after acquiring an additional 202,425 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Carlisle Companies in the first quarter valued at about $62,485,000. Finally, Bessemer Group Inc. increased its position in shares of Carlisle Companies by 26.7% in the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after acquiring an additional 134,718 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $324.58 on Monday. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $472.66. The stock’s 50 day moving average is $347.85 and its 200-day moving average is $371.98. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $5.78 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Carlisle Companies has set its FY 2025 guidance at EPS. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Analysts Set New Price Targets

CSL has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday. Loop Capital downgraded Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. The Goldman Sachs Group lowered their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Oppenheimer lowered their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $386.67.

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.