Rhumbline Advisers Trims Stock Position in Carlisle Companies Incorporated $CSL

Rhumbline Advisers lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,057 shares of the conglomerate’s stock after selling 6,959 shares during the period. Rhumbline Advisers’ holdings in Carlisle Companies were worth $47,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CSL. Cetera Investment Advisers boosted its position in shares of Carlisle Companies by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 8,882 shares of the conglomerate’s stock valued at $3,024,000 after purchasing an additional 458 shares during the period. HB Wealth Management LLC increased its position in Carlisle Companies by 109.3% during the first quarter. HB Wealth Management LLC now owns 2,066 shares of the conglomerate’s stock worth $703,000 after buying an additional 1,079 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Carlisle Companies by 5.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,643 shares of the conglomerate’s stock valued at $6,688,000 after buying an additional 1,014 shares during the last quarter. First National Advisers LLC purchased a new stake in Carlisle Companies in the first quarter valued at approximately $516,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Carlisle Companies by 10.4% in the first quarter. Mackenzie Financial Corp now owns 3,744 shares of the conglomerate’s stock valued at $1,275,000 after acquiring an additional 352 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 1.4%

Shares of Carlisle Companies stock opened at $305.10 on Tuesday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $472.66. The company has a market cap of $12.75 billion, a P/E ratio of 17.31, a PEG ratio of 1.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The firm has a fifty day moving average of $325.22 and a two-hundred day moving average of $365.18.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 1.4%. Carlisle Companies’s payout ratio is presently 24.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, November 19th. Oppenheimer lowered their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Truist Financial reduced their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Vertical Research started coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group dropped their price target 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. Four research 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $386.67.

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.