1832 Asset Management L.P. Sells 4,863 Shares of Carlisle Companies Incorporated $CSL

1832 Asset Management L.P. reduced its stake in Carlisle Companies Incorporated by 4.5% in the 2nd quarter, selling 4,863 shares. The firm now owns 102,252 shares worth $38.18 million. Several other institutional investors also adjusted their positions in Carlisle Companies. Analysts have mixed ratings on the stock, with a consensus target price of $386.67. Carlisle Companies reported Q3 earnings of $5.61 per share, beating estimates, with revenue of $1.35 billion. The company announced a quarterly dividend of $1.10 per share.

1832 Asset Management L.P. lowered its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,252 shares of the conglomerate's stock after selling 4,863 shares during the period. 1832 Asset Management L.P. owned 0.24% of Carlisle Companies worth $38,181,000 at the end of the most recent reporting period.

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Several other institutional investors have also added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Carlisle Companies in the second quarter worth about $25,000. GFG Capital LLC bought a new position in Carlisle Companies in the second quarter worth about $25,000. Hemington Wealth Management lifted its holdings in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate's stock worth $25,000 after buying an additional 26 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate's stock valued at $26,000 after acquiring an additional 58 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CSL shares. Vertical Research began coverage on Carlisle Companies in a research report on Monday, October 20th. They issued a "hold" rating for the company. Oppenheimer reduced their price target on Carlisle Companies from $440.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, October 20th. Robert W. Baird decreased their price objective on Carlisle Companies from $440.00 to $385.00 and set an "outperform" rating for the company in a report on Monday, October 13th. Truist Financial dropped their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a "hold" rating on the stock in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlisle Companies in a research report on Monday. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of "Hold" and a consensus target price of $386.67.

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Carlisle Companies Stock Up 0.4%

NYSE:CSL opened at $320.86 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. The firm has a market cap of $13.41 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.11 and a beta of 0.96. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $444.04. The firm has a 50-day simple moving average of $322.77 and a two-hundred day simple moving average of $361.41.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating the consensus estimate of $5.47 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.Carlisle Companies's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $5.78 earnings per share. Analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Carlisle Companies's dividend payout ratio is currently 24.96%.

Carlisle Companies Company Profile

(Free Report)

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.

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