Johnson Investment Counsel Inc. Sells 1,379 Shares of Carlisle Companies Incorporated $CSL

Johnson Investment Counsel Inc. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,815 shares of the conglomerate’s stock after selling 1,379 shares during the period. Johnson Investment Counsel Inc. owned 0.31% of Carlisle Companies worth $43,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Elevation Point Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the second quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Carlisle Companies during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Carlisle Companies by 527.3% in 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 during the period. Traub Capital Management LLC acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.4%

Shares of NYSE CSL opened at $402.14 on Tuesday. The stock has a 50-day moving average price of $343.04 and a two-hundred day moving average price of $346.45. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The company has a market cap of $16.81 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.28 and a beta of 0.94.

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

Carlisle Companies Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Oppenheimer lowered 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 note on Monday, October 20th. Truist Financial decreased their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. William Blair initiated coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Finally, Robert W. Baird set a $420.00 price objective on Carlisle Companies in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $392.50.

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.