Allianz Asset Management GmbH Has $1.09 Million Stock Position in Carlisle Companies Incorporated $CSL

Allianz Asset Management GmbH decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 70.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,930 shares of the conglomerate’s stock after selling 7,088 shares during the period. Allianz Asset Management GmbH’s holdings in Carlisle Companies were worth $1,094,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CSL. Cooke & Bieler LP acquired a new position in Carlisle Companies in the 1st quarter valued at approximately $74,095,000. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Carlisle Companies by 755.3% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock worth $91,000 after buying an additional 214,226 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Carlisle Companies by 1,611.7% in the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock worth $73,202,000 after buying an additional 202,425 shares in the last quarter. Nuveen LLC acquired a new position in shares of Carlisle Companies in the 1st quarter worth approximately $62,485,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after buying an additional 130,235 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Oppenheimer dropped their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, October 8th. Robert W. Baird dropped their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a report on Monday, October 13th. Finally, Truist Financial dropped their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a report on Monday, September 22nd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $390.00.

Carlisle Companies Stock Up 0.3%

NYSE CSL opened at $339.50 on Monday. The firm has a market cap of $14.51 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $472.66. The stock’s 50 day simple moving average is $353.22 and its 200 day simple moving average is $372.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $6.24 earnings per share. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio is 24.58%.

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.