Madison Asset Management LLC Has $167.43 Million Stock Position in Carlisle Companies Incorporated $CSL

Madison Asset Management LLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,966 shares of the conglomerate’s stock after selling 7,470 shares during the quarter. Carlisle Companies makes up approximately 1.8% of Madison Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Madison Asset Management LLC owned 1.19% of Carlisle Companies worth $167,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bridges Investment Management Inc. lifted its position in shares of Carlisle Companies by 221.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after purchasing an additional 102,014 shares during the period. Impact Partnership Wealth LLC bought a new position in shares of Carlisle Companies during the 3rd quarter worth about $540,000. Envestnet Asset Management Inc. boosted its holdings in Carlisle Companies by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after acquiring an additional 8,701 shares in the last quarter. EFG Asset Management North America Corp. increased its stake in Carlisle Companies by 11.3% during the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after purchasing an additional 885 shares in the last quarter. Finally, Sierra Legacy Group bought a new stake in shares of Carlisle Companies during the second quarter worth about $764,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

NYSE:CSL opened at $416.06 on Wednesday. The firm has a market cap of $17.39 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. The business has a 50 day moving average price of $344.97 and a 200-day moving average price of $346.32.

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

Carlisle Companies Announces Dividend

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

Analyst Upgrades and Downgrades

CSL has been the subject of a number of analyst reports. Truist Financial lowered their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Vertical Research started coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Oppenheimer reduced their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Finally, William Blair started coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating for the company. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and an average 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.