Carlisle Companies Incorporated $CSL Stock Position Decreased by Copeland Capital Management LLC

Copeland Capital Management LLC decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,715 shares of the conglomerate’s stock after selling 3,825 shares during the quarter. Copeland Capital Management LLC’s holdings in Carlisle Companies were worth $26,223,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Common Asset Management LLC lifted its holdings in shares of Carlisle Companies by 9.4% during the second quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock worth $5,210,000 after buying an additional 1,202 shares during the last quarter. EFG Asset Management North America Corp. raised 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 during the last quarter. Sierra Legacy Group bought a new stake in Carlisle Companies in the 2nd quarter valued at $764,000. Andra AP fonden boosted its holdings in Carlisle Companies by 1,207.7% in the 2nd quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock valued at $10,249,000 after purchasing an additional 25,350 shares during the period. Finally, Legal & General Group Plc grew its position in Carlisle Companies by 4.9% in the 2nd quarter. Legal & General Group Plc now owns 162,884 shares of the conglomerate’s stock worth $60,821,000 after purchasing an additional 7,569 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Truist Financial lowered their price objective 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. Oppenheimer reduced their target price 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, The Goldman Sachs Group lowered their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $326.79 on Tuesday. The firm has a market capitalization of $13.66 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.15 and a beta of 0.96. The stock has a fifty day moving average price of $323.25 and a two-hundred day moving average price of $354.23. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week 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.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.14. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.78 EPS. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.96%.

Carlisle Companies 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.