Envestnet Asset Management Inc. Has $74.85 Million Stock Position in Carlisle Companies Incorporated $CSL

Envestnet Asset Management Inc. increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,526 shares of the conglomerate’s stock after acquiring an additional 8,701 shares during the period. Envestnet Asset Management Inc.’s holdings in Carlisle Companies were worth $74,847,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bridges Investment Management Inc. raised its stake in shares of Carlisle Companies by 221.3% during 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 purchased a new stake in Carlisle Companies during the third quarter worth about $540,000. EFG Asset Management North America Corp. raised its position in Carlisle Companies by 11.3% in the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after acquiring an additional 885 shares during the period. Sierra Legacy Group purchased a new position in Carlisle Companies in the second quarter valued at about $764,000. Finally, Legal & General Group Plc boosted its stake in Carlisle Companies by 4.9% in the second quarter. Legal & General Group Plc now owns 162,884 shares of the conglomerate’s stock valued at $60,821,000 after acquiring an additional 7,569 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Vertical Research started coverage on Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating for the company. William Blair assumed coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, Truist Financial lowered their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $392.50.

Carlisle Companies Stock Up 0.8%

CSL stock opened at $404.16 on Monday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The firm has a market capitalization of $16.89 billion, a PE ratio of 23.62, a PEG ratio of 1.28 and a beta of 0.94. 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 simple moving average of $341.37 and a two-hundred day simple moving average of $346.64.

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. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. Carlisle Companies’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.47 earnings per share. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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 dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 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.