Boston Common Asset Management LLC Sells 2,561 Shares of Carlisle Companies Incorporated $CSL

Boston Common Asset Management LLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 18.4% during the third quarter, HoldingsChannel reports. The fund owned 11,391 shares of the conglomerate’s stock after selling 2,561 shares during the quarter. Boston Common Asset Management LLC’s holdings in Carlisle Companies were worth $3,747,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Hemington Wealth Management boosted its position in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Carlisle Companies by 3.8% in the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate’s stock valued at $310,000 after purchasing an additional 30 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its position in shares of Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after buying an additional 32 shares during the period. Blue Trust Inc. grew its position in shares of Carlisle Companies by 4.9% during the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after purchasing an additional 32 shares in the last quarter. Finally, TFG Advisers LLC boosted its position in shares of Carlisle Companies by 2.2% during the 2nd quarter. TFG Advisers LLC now owns 1,565 shares of the conglomerate’s stock valued at $584,000 after acquiring an additional 33 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $358.82 on Thursday. 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 stock has a market capitalization of $14.99 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95. The firm’s 50 day moving average price is $328.90 and its 200-day moving average price is $351.12. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $5.78 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a dividend of $1.10 per share. The ex-dividend date was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial cut their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Robert W. Baird cut their price target on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $386.67.

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.