Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Mercer Global Advisors Inc. ADV

Posted by Defense World Staff on May 15th, 2023

Mercer Global Advisors Inc. ADV decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,454 shares of the conglomerate’s stock after selling 2,686 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Carlisle Companies were worth $3,406,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Carlisle Companies by 8.3% in the third quarter. BlackRock Inc. now owns 4,760,680 shares of the conglomerate’s stock worth $1,334,940,000 after purchasing an additional 363,372 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Carlisle Companies by 956.8% during the 4th quarter. River Road Asset Management LLC now owns 358,286 shares of the conglomerate’s stock valued at $84,430,000 after purchasing an additional 324,383 shares during the period. Renaissance Technologies LLC acquired a new stake in Carlisle Companies in the 3rd quarter valued at about $51,708,000. State Street Corp boosted its stake in shares of Carlisle Companies by 8.8% during the 3rd quarter. State Street Corp now owns 2,079,548 shares of the conglomerate’s stock worth $583,126,000 after acquiring an additional 167,704 shares in the last quarter. Finally, Ceredex Value Advisors LLC acquired a new stake in Carlisle Companies during the 4th quarter worth about $33,757,000. Institutional investors own 89.76% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $210.07 on Monday. The company has a fifty day moving average of $220.39 and a 200-day moving average of $237.60. The firm has a market capitalization of $10.71 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.68 and a beta of 0.91. The company has a quick ratio of 1.47, a current ratio of 2.31 and a debt-to-equity ratio of 0.75. Carlisle Companies Incorporated has a twelve month low of $203.65 and a twelve month high of $318.71.

Carlisle Companies (NYSE:CSL – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The conglomerate reported $2.57 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.05). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. Carlisle Companies had a net margin of 13.26% and a return on equity of 32.04%. The business’s revenue was down 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.26 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 18.39 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 17th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, May 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. Carlisle Companies’s dividend payout ratio (DPR) is presently 18.93%.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research analyst reports. Credit Suisse Group cut their target price on shares of Carlisle Companies from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Tuesday, April 11th. Robert W. Baird reduced their price target on shares of Carlisle Companies from $320.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, April 14th. Wells Fargo & Company upped their price target on shares of Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Friday, March 24th. Finally, BMO Capital Markets lowered their price objective on shares of Carlisle Companies from $335.00 to $310.00 in a research report on Monday, May 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $306.67.

Carlisle Companies Profile

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Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT).