Summit Place Financial Advisors LLC Has $3.71 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Summit Place Financial Advisors LLC trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,255 shares of the conglomerate’s stock after selling 473 shares during the period. Carlisle Companies accounts for about 2.1% of Summit Place Financial Advisors LLC’s portfolio, making the stock its 12th biggest holding. Summit Place Financial Advisors LLC’s holdings in Carlisle Companies were worth $3,713,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Truist Financial Corp boosted its position in Carlisle Companies by 0.8% during the second quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after purchasing an additional 2,545 shares during the period. TD Asset Management Inc raised its holdings in Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after acquiring an additional 268,685 shares during the period. Public Employees Retirement Association of Colorado lifted its position in Carlisle Companies by 2.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock worth $94,886,000 after acquiring an additional 6,613 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its holdings in shares of Carlisle Companies by 1.9% during the second quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock worth $77,694,000 after acquiring an additional 3,504 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Carlisle Companies by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock valued at $71,375,000 after purchasing an additional 4,017 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

NYSE:CSL opened at $417.20 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies Incorporated has a fifty-two week low of $236.42 and a fifty-two week high of $481.26. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.52 and a beta of 0.91. The stock has a fifty day moving average price of $434.55 and a 200-day moving average price of $416.45.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is currently 23.19%.

Analysts Set New Price Targets

Several analysts recently issued reports on CSL shares. Robert W. Baird reduced their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer lifted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and an average target price of $475.00.

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.