Aberdeen Group plc Sells 8,733 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Aberdeen Group plc reduced its stake in Carlisle Companies by 8.6% during the first quarter, owning approximately 0.22% of the company, valued at $31.68 million.
• Analysts have issued mixed ratings for Carlisle Companies, with Loop Capital downgrading the stock to a "hold" rating and adjusting the target price down to $395.00, while JPMorgan Chase & Co. set a target of $500.00.
• Carlisle Companies recently increased its quarterly dividend to $1.10, reflecting an annualized dividend yield of 1.2% and a payout ratio of approximately 24.58%.

Aberdeen Group plc lowered its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,040 shares of the conglomerate's stock after selling 8,733 shares during the period. Aberdeen Group plc owned 0.22% of Carlisle Companies worth $31,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GeoWealth Management LLC boosted its holdings in Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after acquiring an additional 29 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in Carlisle Companies by 2.1% in the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock worth $506,000 after acquiring an additional 31 shares in the last quarter. Net Worth Advisory Group boosted its holdings in Carlisle Companies by 2.8% in the first quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate's stock worth $517,000 after acquiring an additional 41 shares in the last quarter. Allworth Financial LP boosted its holdings in Carlisle Companies by 32.8% in the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after acquiring an additional 42 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Carlisle Companies by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 5,199 shares of the conglomerate's stock worth $1,770,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Truist Financial lowered their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Finally, Robert W. Baird increased their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Stock Performance

Shares of CSL traded down $3.4140 on Wednesday, reaching $383.5060. 283,545 shares of the company's stock traded hands, compared to its average volume of 463,301. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market cap of $16.40 billion, a PE ratio of 21.42, a PEG ratio of 1.19 and a beta of 1.05. The stock's 50 day simple moving average is $386.43 and its two-hundred day simple moving average is $368.93. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $6.24 earnings per share. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Tuesday, August 19th. Carlisle Companies's dividend payout ratio is currently 24.58%.

About Carlisle Companies

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.