Carlisle Companies Incorporated $CSL Stock Position Lowered by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,189 shares of the conglomerate’s stock after selling 12,414 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Carlisle Companies were worth $131,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Carlisle Companies in the 2nd quarter valued at $1,499,602,000. Bank of New York Mellon Corp purchased a new stake in Carlisle Companies in the 2nd quarter worth $405,245,000. Bessemer Group Inc. increased its holdings in Carlisle Companies by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock worth $207,078,000 after acquiring an additional 17,847 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Carlisle Companies by 22.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock worth $190,508,000 after acquiring an additional 97,326 shares during the period. Finally, Madison Asset Management LLC acquired a new position in Carlisle Companies during the second quarter worth $152,865,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CSL. DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a report on Friday, October 9th. Robert W. Baird set a $410.00 target price on shares of Carlisle Companies in a research note on Thursday, October 29th. Finally, Weiss Ratings cut shares of Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $395.83.

Check Out Our Latest Research Report on CSL

Carlisle Companies Stock Performance

NYSE CSL opened at $375.63 on Monday. The company has a market cap of $14.52 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.78. The stock’s 50 day simple moving average is $339.30 and its 200-day simple moving average is $353.22. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.40 and a quick ratio of 1.80.

Carlisle Companies (NYSE:CSL – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.89 by $0.03. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $5.61 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 21.11 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.26%.

Carlisle Companies Profile

(Free Report)

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally.

Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

Founded in 1917, Carlisle has evolved from its origins in the tire and rubber business into a building-products company.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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