Tidal Investments LLC Purchases 2,677 Shares of Carlisle Companies Incorporated $CSL

by · The Markets Daily

Tidal Investments LLC raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 62.9% during the second quarter, HoldingsChannel.com reports. The firm owned 6,930 shares of the conglomerate’s stock after acquiring an additional 2,677 shares during the quarter. Tidal Investments LLC’s holdings in Carlisle Companies were worth $2,514,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CSL. WINTON GROUP Ltd acquired a new position in Carlisle Companies in the second quarter valued at approximately $609,000. Integrated Wealth Concepts LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at $133,000. NewEdge Advisors LLC lifted its stake in shares of Carlisle Companies by 61.3% in the 2nd quarter. NewEdge Advisors LLC now owns 3,396 shares of the conglomerate’s stock valued at $1,232,000 after purchasing an additional 1,291 shares during the period. IFP Advisors Inc grew its stake in shares of Carlisle Companies by 72.8% during the second quarter. IFP Advisors Inc now owns 451 shares of the conglomerate’s stock worth $164,000 after purchasing an additional 190 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Carlisle Companies by 28.8% in the second quarter. Squarepoint Ops LLC now owns 47,679 shares of the conglomerate’s stock valued at $17,296,000 after purchasing an additional 10,653 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Down 1.1%

NYSE CSL opened at $324.42 on Wednesday. The firm has a market cap of $12.88 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.03 and a beta of 0.84. 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’s 50-day moving average is $352.17 and its 200-day moving average is $351.55. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91.

Carlisle Companies (NYSE:CSL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $6.27 EPS. Carlisle Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Carlisle Companies’s payout ratio is presently 28.69%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSL. DA Davidson started coverage on Carlisle Companies in a report on Monday, August 24th. They set a “neutral” rating and a $410.00 target price on the stock. Truist Financial decreased their price objective 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. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research note on Thursday, July 30th. Finally, Weiss Ratings cut shares of Carlisle Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $402.43.

View Our Latest Stock Analysis on CSL

Carlisle Companies Company Profile

(Free Report)

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and construction materials. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company provides products designed to improve the performance, energy efficiency and durability of commercial and residential buildings.

Its product portfolio includes commercial roofing systems, insulation, waterproofing and air-barrier solutions, architectural metal products, and related building-envelope components.

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