Ameriprise Financial Inc. Decreases Stake in Carlisle Companies Incorporated (NYSE:CSL)

Ameriprise Financial Inc. reduced its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,886 shares of the conglomerate's stock after selling 108,821 shares during the quarter. Ameriprise Financial Inc. owned about 0.62% of Carlisle Companies worth $103,602,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CSL. Aptus Capital Advisors LLC boosted its holdings in shares of Carlisle Companies by 11.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,944 shares of the conglomerate's stock valued at $717,000 after purchasing an additional 207 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Carlisle Companies by 1.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,291 shares of the conglomerate's stock valued at $3,058,000 after buying an additional 116 shares in the last quarter. Freestone Grove Partners LP bought a new position in Carlisle Companies in the fourth quarter valued at about $535,000. Gallo Partners LP acquired a new position in Carlisle Companies during the fourth quarter worth about $911,000. Finally, TOMS Capital Investment Management LP bought a new position in shares of Carlisle Companies in the fourth quarter worth about $54,219,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

CSL has been the topic of several research reports. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Robert W. Baird boosted their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their price target on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, StockNews.com raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $454.00.

Carlisle Companies Trading Up 2.3%

Shares of CSL stock traded up $8.89 during trading hours on Monday, hitting $399.20. 189,738 shares of the company's stock traded hands, compared to its average volume of 393,019. The stock has a market cap of $17.27 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. The stock's 50 day simple moving average is $351.12 and its 200 day simple moving average is $381.27. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $3.72 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.00%. Carlisle Companies's payout ratio is presently 14.89%.

Carlisle Companies Company Profile

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.