Spire Wealth Management Sells 132 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Spire Wealth Management decreased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 10.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,083 shares of the conglomerate’s stock after selling 132 shares during the period. Spire Wealth Management’s holdings in Carlisle Companies were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commerce Bank raised its holdings in Carlisle Companies by 1.4% during the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after purchasing an additional 34 shares during the last quarter. Astoria Portfolio Advisors LLC. raised its stake in Carlisle Companies by 5.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after buying an additional 34 shares during the last quarter. CWM LLC lifted its holdings in Carlisle Companies by 1.6% in the second quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after buying an additional 38 shares during the period. First Trust Direct Indexing L.P. boosted its position in Carlisle Companies by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after acquiring an additional 41 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Carlisle Companies by 1.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock worth $1,511,000 after acquiring an additional 43 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $423.80 on Tuesday. The business has a 50-day simple moving average of $410.67 and a 200 day simple moving average of $397.21. The firm has a market capitalization of $19.60 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. Carlisle Companies Incorporated has a one year low of $235.79 and a one year high of $443.87.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm earned $5.18 earnings per share. Carlisle Companies’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts anticipate that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is 23.19%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSL. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird increased their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $423.00.

Insider Activity

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP David W. Smith sold 600 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.