Envestnet Asset Management Inc. Has $74.85 Million Position in Carlisle Companies Incorporated $CSL

Envestnet Asset Management Inc. raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 227,526 shares of the conglomerate’s stock after purchasing an additional 8,701 shares during the quarter. Envestnet Asset Management Inc. owned 0.53% of Carlisle Companies worth $74,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSL. Goldman Sachs Group Inc. boosted its position in Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after buying an additional 28,414 shares during the period. Blair William & Co. IL bought a new position in shares of Carlisle Companies during the second quarter valued at $223,000. Callan Family Office LLC lifted its holdings in shares of Carlisle Companies by 50.6% during the second quarter. Callan Family Office LLC now owns 1,235 shares of the conglomerate’s stock worth $461,000 after purchasing an additional 415 shares during the period. Cyndeo Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the second quarter worth $212,000. Finally, Blue Trust Inc. increased its holdings in Carlisle Companies by 45.1% in the second quarter. Blue Trust Inc. now owns 647 shares of the conglomerate’s stock valued at $242,000 after purchasing an additional 201 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird set a $420.00 target price on Carlisle Companies in a report on Wednesday. The Goldman Sachs Group cut their price objective 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. Vertical Research assumed coverage on Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. Truist Financial lowered their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Finally, Oppenheimer dropped their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $392.50.

Carlisle Companies Stock Up 0.8%

Shares of NYSE CSL opened at $404.16 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The firm has a market cap of $16.89 billion, a PE ratio of 23.62, a P/E/G ratio of 1.28 and a beta of 0.94. The company’s fifty day simple moving average is $341.37 and its 200 day simple moving average is $346.64. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92.

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

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

About Carlisle Companies

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.