Asset Management One Co. Ltd. Sells 673 Shares of Carlisle Companies Incorporated $CSL

Asset Management One Co. Ltd. trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,314 shares of the conglomerate’s stock after selling 673 shares during the period. Asset Management One Co. Ltd.’s holdings in Carlisle Companies were worth $6,465,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GFG Capital LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth approximately $25,000. Hemington Wealth Management boosted its position in Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 26 shares during the period. Dagco Inc. bought a new position in Carlisle Companies during the first quarter worth $27,000. Costello Asset Management INC acquired a new stake in shares of Carlisle Companies during the second quarter worth $34,000. Finally, MAI Capital Management raised its stake in Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CSL shares. The Goldman Sachs Group lowered their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Loop Capital cut 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 report on Thursday, July 31st. Robert W. Baird lowered their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. Oppenheimer lowered their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Finally, Truist Financial reduced their price objective on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, September 22nd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and an average target price of $390.00.

Carlisle Companies Stock Performance

NYSE:CSL opened at $340.65 on Wednesday. The business’s 50-day moving average price is $351.48 and its two-hundred day moving average price is $372.35. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $472.66. The stock has a market cap of $14.56 billion, a P/E ratio of 19.03, a PEG ratio of 1.14 and a beta of 1.00. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

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

Carlisle Companies Increases Dividend

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

About Carlisle Companies

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.