Carlisle Companies Incorporated $CSL Stock: Formuepleje A S Reduces Position

Formuepleje A S reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 16.9% in the third quarter, Holdings Channel.com reports. The fund owned 70,116 shares of the conglomerate’s stock after selling 14,212 shares during the period. Carlisle Companies makes up approximately 1.9% of Formuepleje A S’s portfolio, making the stock its 15th biggest position. Formuepleje A S’s holdings in Carlisle Companies were worth $22,589,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC raised its position in shares of Carlisle Companies by 1.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after acquiring an additional 29 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in shares of Carlisle Companies by 0.6% during the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after purchasing an additional 30 shares during the last quarter. Next Level Private LLC boosted its position in Carlisle Companies by 0.3% during the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock valued at $4,092,000 after purchasing an additional 33 shares in the last quarter. Versant Capital Management Inc boosted its position in Carlisle Companies by 71.7% during the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 38 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Carlisle Companies by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate’s stock valued at $925,000 after purchasing an additional 41 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 3.6%

NYSE CSL traded up $11.91 during trading on Thursday, hitting $338.40. The company’s stock had a trading volume of 174,089 shares, compared to its average volume of 475,770. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The company has a market cap of $13.44 billion, a PE ratio of 19.41, a P/E/G ratio of 1.03 and a beta of 0.84. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The business’s 50 day simple moving average is $343.04 and its 200-day simple moving average is $346.78.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.27 earnings per share. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Carlisle Companies’s payout ratio is presently 28.69%.

Analysts Set New Price Targets

A number of equities analysts have commented on CSL shares. Robert W. Baird reduced their target price on shares of Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a report on Tuesday. Truist Financial lowered their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a research report on Friday, October 9th. Finally, Weiss Ratings raised shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $394.50.

Carlisle Companies Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.