Carlisle Companies Incorporated $CSL Stock Position Lifted by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5,539.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,188 shares of the conglomerate’s stock after buying an additional 5,096 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Carlisle Companies were worth $1,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSL. Allspring Global Investments Holdings LLC grew its holdings in shares of Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after acquiring an additional 130,235 shares in the last quarter. Madison Asset Management LLC grew its stake in Carlisle Companies by 28.2% in the first quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock valued at $175,403,000 after purchasing an additional 113,312 shares in the last quarter. Bessemer Group Inc. grew its stake in Carlisle Companies by 8.4% in the first quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock valued at $171,880,000 after purchasing an additional 39,329 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock worth $170,017,000 after purchasing an additional 50,578 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Carlisle Companies by 1.4% during the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock worth $168,737,000 after purchasing an additional 6,948 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CSL. Robert W. Baird lowered their price target on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. The Goldman Sachs Group cut their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Finally, Truist Financial lowered their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, September 22nd. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and a consensus target price of $403.33.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $319.03 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The company has a market cap of $13.64 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. The firm has a fifty day moving average price of $359.14 and a two-hundred day moving average price of $371.71. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $474.73.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company posted $6.24 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a dividend of $1.10 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.58%.

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.