Compass Wealth Management LLC Buys New Holdings in Carlisle Companies Incorporated $CSL

Compass Wealth Management LLC purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,044 shares of the conglomerate’s stock, valued at approximately $741,000.

A number of other institutional investors have also recently bought and sold shares of CSL. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $27,000. Signature Equity Partners LLC increased its holdings in shares of Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 94 shares during the last quarter. Torren Management LLC acquired a new position in shares of Carlisle Companies during the 4th quarter worth approximately $33,000. Allied Private Wealth LLC bought a new stake in Carlisle Companies in the 2nd quarter valued at $33,000. Finally, Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CSL. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer raised their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Truist Financial reduced their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Finally, Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Carlisle Companies Stock Down 1.1%

CSL stock opened at $356.57 on Wednesday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.16 and a beta of 0.85. The business’s fifty day moving average price is $357.02 and its two-hundred day moving average price is $357.99.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $6.27 earnings per share. Carlisle Companies’s revenue was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 21.21 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $5.00 annualized dividend and a yield of 1.4%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is presently 25.24%.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.