Bahl & Gaynor Inc. Decreases Stock Position in Carlisle Companies Incorporated $CSL

Bahl & Gaynor Inc. trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 187,015 shares of the conglomerate’s stock after selling 1,789 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.44% of Carlisle Companies worth $69,832,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Boston Common Asset Management LLC increased its position in Carlisle Companies by 9.4% during the second quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock worth $5,210,000 after purchasing an additional 1,202 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in Carlisle Companies by 11.3% in the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after purchasing an additional 885 shares during the last quarter. Andra AP fonden grew its stake in shares of Carlisle Companies by 1,207.7% in the 2nd quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock valued at $10,249,000 after buying an additional 25,350 shares during the period. Blair William & Co. IL acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $223,000. Finally, Sierra Legacy Group acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $764,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

CSL opened at $309.70 on Friday. The stock’s 50-day moving average price is $326.22 and its 200 day moving average price is $366.06. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $472.66. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.12 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSL. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Robert W. Baird reduced 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. The Goldman Sachs Group decreased their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Oppenheimer cut their price objective 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 shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $386.67.

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.