Madison Asset Management LLC Has $167.43 Million Stock Holdings in Carlisle Companies Incorporated $CSL

Madison Asset Management LLC lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.4% in the third quarter, Holdings Channel reports. The fund owned 508,966 shares of the conglomerate’s stock after selling 7,470 shares during the quarter. Carlisle Companies comprises 1.8% of Madison Asset Management LLC’s investment portfolio, making the stock its 10th biggest holding. Madison Asset Management LLC’s holdings in Carlisle Companies were worth $167,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of Carlisle Companies by 36.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares in the last quarter. Blair William & Co. IL bought a new position in shares of Carlisle Companies in the second quarter worth about $223,000. Callan Family Office LLC lifted its holdings in shares of Carlisle Companies by 50.6% in the second quarter. Callan Family Office LLC now owns 1,235 shares of the conglomerate’s stock worth $461,000 after buying an additional 415 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Carlisle Companies by 45.1% in the second quarter. Blue Trust Inc. now owns 647 shares of the conglomerate’s stock worth $242,000 after buying an additional 201 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Carlisle Companies by 30.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,712 shares of the conglomerate’s stock worth $2,507,000 after purchasing an additional 1,574 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSL has been the subject of several recent analyst reports. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research note on Wednesday, February 4th. Truist Financial reduced their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Oppenheimer reduced their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $392.50.

Carlisle Companies Stock Performance

NYSE:CSL opened at $416.06 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The stock has a market capitalization of $17.39 billion, a PE ratio of 24.32, a P/E/G ratio of 1.27 and a beta of 0.94. The company has a fifty day moving average of $344.97 and a two-hundred day moving average of $346.32.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.47 earnings per share. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued 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%.

About Carlisle Companies

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.