Carlisle Companies Incorporated $CSL Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 26.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,896 shares of the conglomerate’s stock after selling 23,479 shares during the quarter. American Century Companies Inc. owned about 0.15% of Carlisle Companies worth $22,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate’s stock worth $3,902,000 after acquiring an additional 2,976 shares in the last quarter. Spire Wealth Management raised its stake in Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate’s stock worth $667,000 after acquiring an additional 54 shares in the last quarter. CX Institutional acquired a new stake in Carlisle Companies during the 1st quarter worth $49,000. GAMMA Investing LLC raised its stake in Carlisle Companies by 12.4% during the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate’s stock worth $507,000 after acquiring an additional 164 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Carlisle Companies by 11.5% during the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate’s stock worth $376,000 after acquiring an additional 114 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL opened at $397.7090 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The stock has a market capitalization of $17.00 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.25 and a beta of 1.05. The company’s fifty day moving average is $387.86 and its two-hundred day moving average is $369.36. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26.

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

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a dividend of $1.10 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio is currently 24.58%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CSL shares. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They set an “overweight” rating and a $500.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and an average target price of $450.83.

Carlisle Companies 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.