Federated Hermes Inc. Sells 1,592 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Federated Hermes Inc. decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 26.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,399 shares of the conglomerate’s stock after selling 1,592 shares during the quarter. Federated Hermes Inc.’s holdings in Carlisle Companies were worth $1,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CSL. GAMMA Investing LLC lifted its position in Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate’s stock worth $172,635,000 after acquiring an additional 505,680 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth about $118,038,000. Cooke & Bieler LP acquired a new position in shares of Carlisle Companies during the 1st quarter worth about $74,095,000. Pacer Advisors Inc. boosted its stake in Carlisle Companies by 1,611.7% during the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock valued at $73,202,000 after purchasing an additional 202,425 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Carlisle Companies in the 4th quarter valued at approximately $55,104,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $354.92 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company has a market cap of $15.17 billion, a PE ratio of 19.83, a PEG ratio of 1.14 and a beta of 1.05. The company’s 50-day moving average is $386.50 and its two-hundred day moving average is $370.34. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $6.24 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on CSL shares. Robert W. Baird upped their price target on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They set an “overweight” rating and a $500.00 price objective on the stock. Finally, Truist Financial cut their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $450.83.

Carlisle Companies Company 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.