Carlisle Companies Incorporated $CSL Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 18.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,420 shares of the conglomerate’s stock after selling 2,184 shares during the period. Advisors Asset Management Inc.’s holdings in Carlisle Companies were worth $3,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CSL. GFG Capital LLC bought a new position in shares of Carlisle Companies during the second quarter worth about $25,000. Hemington Wealth Management raised its stake in Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after buying an additional 26 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after buying an additional 58 shares during the last quarter. Traub Capital Management LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $28,000. Finally, Dagco Inc. acquired a new position in shares of Carlisle Companies in the 1st quarter worth approximately $27,000. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CSL. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Truist Financial lowered their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Oppenheimer reduced their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Trading Up 0.0%

Carlisle Companies stock opened at $316.42 on Friday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $464.46. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.12 and a beta of 1.00. The firm has a 50-day moving average price of $324.10 and a two-hundred day moving average price of $363.99.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. 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 declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 14th. Carlisle Companies’s payout ratio is 24.96%.

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.