Asset Management One Co. Ltd. Sells 673 Shares of Carlisle Companies Incorporated $CSL

Asset Management One Co. Ltd. cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,314 shares of the conglomerate’s stock after selling 673 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Carlisle Companies were worth $6,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CSL. First Citizens Bank & Trust Co. raised its stake in shares of Carlisle Companies by 132.4% in the second quarter. First Citizens Bank & Trust Co. now owns 2,924 shares of the conglomerate’s stock worth $1,092,000 after purchasing an additional 1,666 shares during the last quarter. Tributary Capital Management LLC boosted its stake in shares of Carlisle Companies by 3.9% in the second quarter. Tributary Capital Management LLC now owns 3,614 shares of the conglomerate’s stock worth $1,349,000 after acquiring an additional 135 shares during the period. Ethic Inc. boosted its stake in Carlisle Companies by 3.0% during the second quarter. Ethic Inc. now owns 4,473 shares of the conglomerate’s stock valued at $1,674,000 after buying an additional 132 shares during the last quarter. Birch Hill Investment Advisors LLC raised its position in Carlisle Companies by 3.8% during the second quarter. Birch Hill Investment Advisors LLC now owns 50,717 shares of the conglomerate’s stock valued at $18,938,000 after purchasing an additional 1,853 shares during the period. Finally, Foster & Motley Inc. raised its position in Carlisle Companies by 151.2% during the second quarter. Foster & Motley Inc. now owns 1,992 shares of the conglomerate’s stock valued at $744,000 after purchasing an additional 1,199 shares during the period. 89.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSL. Truist Financial reduced their price target on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, September 22nd. The Goldman Sachs Group dropped their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Vertical Research started coverage on Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating on the stock. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $390.00.

Carlisle Companies Stock Up 0.6%

Carlisle Companies stock opened at $340.65 on Wednesday. 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 stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.14 and a beta of 1.00. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $472.66. The business has a fifty day moving average price of $351.48 and a 200-day moving average price of $372.35.

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

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a $1.10 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is 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.