Axa S.A. Boosts Holdings in Carlisle Companies Incorporated $CSL

Axa S.A. grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,057 shares of the conglomerate’s stock after acquiring an additional 7,804 shares during the period. Axa S.A. owned about 0.22% of Carlisle Companies worth $35,868,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CSL. Sands Capital Management LLC bought a new stake in Carlisle Companies in the 2nd quarter valued at about $159,203,000. JPMorgan Chase & Co. boosted its position in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after purchasing an additional 358,241 shares during the period. Norges Bank purchased a new position in shares of Carlisle Companies in the second quarter worth about $128,856,000. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Carlisle Companies by 755.3% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock valued at $91,000 after purchasing an additional 214,226 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Carlisle Companies during the 1st quarter valued at approximately $62,485,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.9%

Shares of Carlisle Companies stock opened at $319.33 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.12 and a beta of 0.96. The company’s 50 day moving average price is $322.18 and its 200-day moving average price is $359.11.

Carlisle Companies (NYSE:CSL) last announced 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 business 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 40.26%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.78 EPS. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on CSL. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Robert W. Baird decreased their price objective on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Vertical Research initiated coverage on Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating for the company. The Goldman Sachs Group reduced their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Monday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.