Thrivent Financial for Lutherans Decreases Position in Carlisle Companies Incorporated $CSL

Thrivent Financial for Lutherans lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 49.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,009 shares of the conglomerate’s stock after selling 11,579 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Carlisle Companies were worth $3,951,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hemington Wealth Management raised its stake in shares of 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 period. Elevation Point Wealth Partners LLC acquired a new stake in Carlisle Companies during the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew 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 valued at $26,000 after purchasing an additional 58 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth $28,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 0.8%

CSL stock opened at $404.16 on Friday. The firm has a market cap of $16.89 billion, a PE ratio of 23.62, a P/E/G ratio of 1.26 and a beta of 0.94. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. 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 firm has a 50 day simple moving average of $341.37 and a 200 day simple moving average of $347.19.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company earned $4.47 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a $1.10 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CSL shares. JPMorgan Chase & Co. lowered their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. The Goldman Sachs Group reduced their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Oppenheimer lowered their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Truist Financial cut their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $392.50.

Carlisle Companies Company 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.