Bank of New York Mellon Corp Sells 108,993 Shares of Carlisle Companies Incorporated $CSL

Bank of New York Mellon Corp decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.4% in the fourth quarter, HoldingsChannel reports. The fund owned 940,046 shares of the conglomerate’s stock after selling 108,993 shares during the quarter. Bank of New York Mellon Corp’s holdings in Carlisle Companies were worth $300,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Bridges Investment Management Inc. grew its position in shares of Carlisle Companies by 21.4% during the 4th quarter. Bridges Investment Management Inc. now owns 179,770 shares of the conglomerate’s stock valued at $57,501,000 after acquiring an additional 31,663 shares during the period. Natixis Advisors LLC boosted its holdings in Carlisle Companies by 19.4% in the 4th quarter. Natixis Advisors LLC now owns 286,170 shares of the conglomerate’s stock worth $91,535,000 after buying an additional 46,513 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Carlisle Companies by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 16,860 shares of the conglomerate’s stock worth $5,393,000 after buying an additional 400 shares during the period. Guinness Atkinson Asset Management Inc boosted its holdings in Carlisle Companies by 16.6% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 1,630 shares of the conglomerate’s stock worth $533,000 after buying an additional 232 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Carlisle Companies by 2.0% in the 4th quarter. BNP Paribas Financial Markets now owns 16,948 shares of the conglomerate’s stock worth $5,421,000 after buying an additional 333 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Oppenheimer boosted their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial initiated coverage on shares of Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Robert W. Baird increased their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $342.03 on Friday. 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 Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The firm has a market capitalization of $13.84 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. The company’s 50-day moving average is $345.43 and its 200 day moving average is $348.73.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company posted $3.61 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

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

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.