Carlisle Companies Incorporated $CSL Position Trimmed by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 242,195 shares of the conglomerate’s stock after selling 9,847 shares during the quarter. Carlisle Companies comprises approximately 1.4% of Robeco Schweiz AG’s portfolio, making the stock its 20th biggest position. Robeco Schweiz AG’s holdings in Carlisle Companies were worth $78,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Carlisle Companies in the second quarter valued at approximately $1,499,602,000. Bank of New York Mellon Corp lifted its position in shares of Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after buying an additional 251,614 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Carlisle Companies by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock worth $207,078,000 after buying an additional 17,847 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Carlisle Companies by 22.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock valued at $190,508,000 after buying an additional 97,326 shares in the last quarter. Finally, Madison Asset Management LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at $152,865,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $345.11 on Friday. The firm’s fifty day simple moving average is $337.14 and its 200-day simple moving average is $347.11. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.09 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.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business earned $6.27 EPS. Carlisle Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio is currently 28.69%.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of recent analyst reports. Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Robert W. Baird reduced their price target on shares of Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. Finally, DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a research note on Friday, October 9th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $394.50.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.