Thrivent Financial for Lutherans Has $3.95 Million Holdings in Carlisle Companies Incorporated $CSL

Thrivent Financial for Lutherans lessened its position in Carlisle Companies Incorporated (NYSE:CSL) by 49.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,009 shares of the conglomerate’s stock after selling 11,579 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Carlisle Companies were worth $3,951,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after purchasing an additional 358,241 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after acquiring an additional 130,235 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Carlisle Companies by 113.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after acquiring an additional 558,710 shares in the last quarter. Bessemer Group Inc. boosted its position in Carlisle Companies by 26.7% during the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after acquiring an additional 134,718 shares during the period. Finally, First Trust Advisors LP grew its stake in Carlisle Companies by 6.7% during the 2nd quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock valued at $200,000,000 after acquiring an additional 33,552 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CSL. Oppenheimer reduced their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Vertical Research assumed coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating for the company. William Blair initiated coverage on shares of Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating on the stock. The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Robert W. Baird set a $420.00 price objective on Carlisle Companies in a research report on Wednesday. Four investment 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, the company has an average rating of “Hold” and an average price target of $392.50.

Carlisle Companies Stock Up 0.8%

Shares of Carlisle Companies stock opened at $404.16 on Friday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. 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 50 day moving average price of $341.37 and a two-hundred day moving average price of $347.19. The stock has a market capitalization of $16.89 billion, a P/E ratio of 23.62, a PEG ratio of 1.26 and a beta of 0.94.

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

Carlisle Companies Announces Dividend

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

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.