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

American Century Companies Inc. lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,598 shares of the conglomerate’s stock after selling 5,298 shares during the period. American Century Companies Inc. owned approximately 0.14% of Carlisle Companies worth $22,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after acquiring an additional 358,241 shares during the last quarter. 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 purchasing an additional 214,226 shares during the period. Nuveen LLC acquired a new position in shares of Carlisle Companies in the 1st quarter valued at about $62,485,000. Bessemer Group Inc. grew its holdings in shares of Carlisle Companies by 26.7% during the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after purchasing an additional 134,718 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after purchasing an additional 130,235 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 0.2%

Shares of Carlisle Companies stock opened at $318.57 on Tuesday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $464.00. The company has a market capitalization of $13.31 billion, a PE ratio of 18.07, a P/E/G ratio of 1.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The business has a 50-day moving average of $323.32 and a 200-day moving average of $362.32.

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

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, November 14th. Carlisle Companies’s payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CSL shares. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. JPMorgan Chase & Co. decreased their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Oppenheimer lowered their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Finally, Truist Financial lowered their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Four research 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 data from MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and an average price target of $386.67.

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.