Asset Management One Co. Ltd. Sells 2,698 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Asset Management One Co. Ltd. lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 13.0% in the first quarter, HoldingsChannel reports. The fund owned 17,987 shares of the conglomerate’s stock after selling 2,698 shares during the period. Asset Management One Co. Ltd.’s holdings in Carlisle Companies were worth $6,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its holdings in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. CX Institutional bought a new stake in Carlisle Companies in the first quarter valued at about $49,000. GeoWealth Management LLC increased its holdings in Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 78 shares during the last quarter. Finally, Quarry LP increased its holdings in Carlisle Companies by 39.8% in the fourth quarter. Quarry LP now owns 186 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.6%

NYSE:CSL opened at $374.55 on Friday. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 1.13 and a beta of 1.06. The stock has a 50-day moving average price of $379.37 and a two-hundred day moving average price of $366.93.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $3.72 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.07%. Carlisle Companies’s dividend payout ratio is currently 14.89%.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of recent analyst reports. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 price objective for the company. Robert W. Baird upped their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $461.67.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.