DekaBank Deutsche Girozentrale Cuts Stock Holdings in Carlisle Companies Incorporated $CSL

DekaBank Deutsche Girozentrale trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,744 shares of the conglomerate’s stock after selling 672 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Carlisle Companies were worth $4,403,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GFG Capital LLC purchased a new stake in Carlisle Companies in the 2nd quarter worth $25,000. Hemington Wealth Management increased its holdings in Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares in the last quarter. Dagco Inc. purchased a new stake in Carlisle Companies in the 1st quarter worth $27,000. Costello Asset Management INC purchased a new stake in Carlisle Companies in the 2nd quarter worth $34,000. Finally, MAI Capital Management increased its holdings in Carlisle Companies by 37.8% in the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $339.50 on Friday. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $472.66. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.14 and a beta of 1.00. The company has a fifty day simple moving average of $353.22 and a 200-day simple moving average of $371.76. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company earned $6.24 EPS. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $1.10 dividend. This is an increase 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 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s payout ratio is currently 24.58%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CSL. JPMorgan Chase & Co. cut their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Vertical Research initiated coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Oppenheimer dropped their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $390.00.

Carlisle Companies 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.