Epoch Investment Partners Inc. Sells 9,280 Shares of Carlisle Companies Incorporated $CSL

Epoch Investment Partners Inc. cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,425 shares of the conglomerate’s stock after selling 9,280 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Carlisle Companies were worth $40,118,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CSL. Barclays PLC increased its position in shares of Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after purchasing an additional 451,662 shares during the last quarter. Sands Capital Management LLC increased its position in shares of Carlisle Companies by 99.2% during the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after purchasing an additional 423,141 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Carlisle Companies by 10,568.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after purchasing an additional 385,550 shares during the last quarter. Generation Investment Management LLP bought a new position in shares of Carlisle Companies during the 4th quarter valued at about $109,217,000. Finally, Norges Bank bought a new position in shares of Carlisle Companies during the 4th quarter valued at about $87,543,000. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CSL. Robert W. Baird increased their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Truist Financial increased their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Raymond James Financial began coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock. Finally, William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $405.00.

Carlisle Companies Trading Up 0.0%

Shares of CSL stock opened at $343.93 on Monday. The stock has a market capitalization of $13.92 billion, a PE ratio of 20.22, a P/E/G ratio of 1.08 and a beta of 0.86. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The business has a 50-day moving average of $346.47 and a 200 day moving average of $350.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.Carlisle Companies’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.61 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $1.10 per share. The ex-dividend date was Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 25.87%.

Carlisle Companies Company 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.