Carlisle Companies Incorporated $CSL Stock Position Lowered by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,715 shares of the conglomerate’s stock after selling 3,825 shares during the quarter. Copeland Capital Management LLC owned 0.19% of Carlisle Companies worth $26,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. GFG Capital LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $25,000. Hemington Wealth Management lifted 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 purchasing an additional 26 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Carlisle Companies during the second quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Carlisle Companies in the second quarter worth approximately $25,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Carlisle Companies by 527.3% in the second 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. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of CSL opened at $326.79 on Tuesday. The business’s 50-day moving average is $323.25 and its 200-day moving average is $354.23. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.15 and a beta of 0.96. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, topping the consensus estimate of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $5.78 earnings per share. Equities research analysts expect 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. Stockholders of record on Friday, November 14th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Carlisle Companies’s payout ratio is currently 24.96%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CSL. Truist Financial reduced their price objective 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. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Oppenheimer cut their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $386.67.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.