Arrowstreet Capital Limited Partnership Has $18.08 Million Position in Carlisle Companies Incorporated $CSL

Arrowstreet Capital Limited Partnership cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 41.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,424 shares of the conglomerate’s stock after selling 34,403 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.11% of Carlisle Companies worth $18,082,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CSL. JPMorgan Chase & Co. lifted its stake 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 buying an additional 358,241 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Carlisle Companies by 11.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after acquiring an additional 130,235 shares during the period. Bessemer Group Inc. raised its holdings in shares of Carlisle Companies by 26.7% during the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after acquiring an additional 134,718 shares during the period. Dimensional Fund Advisors LP lifted its position in Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after acquiring an additional 50,578 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Carlisle Companies by 1.4% in the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock worth $168,737,000 after purchasing an additional 6,948 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

Shares of CSL opened at $323.77 on Monday. The company has a market cap of $13.53 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. The firm has a 50-day moving average of $322.60 and a 200-day moving average of $360.07. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $440.73. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $5.78 EPS. Carlisle Companies’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given 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 of this dividend was Friday, November 14th. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.96%.

Analysts Set New Price Targets

Several analysts have issued reports on CSL shares. The Goldman Sachs Group dropped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 1st. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. cut their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Vertical Research began coverage on Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating for the company. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.