Carlisle Companies Incorporated (NYSE:CSL) Holdings Decreased by AIA Group Ltd

Key Points

• AIA Group Ltd reduced its stake in Carlisle Companies Incorporated by 10.1%, selling 757 shares, bringing its total holdings to 6,717 shares valued at approximately $2.29 million.
• Wall Street analysts maintain a generally positive outlook on Carlisle Companies, with a consensus rating of "Moderate Buy" and an average price target of $450.83.
• Carlisle Companies announced an increase in its quarterly dividend from $1.00 to $1.10 per share, reflecting a positive financial outlook and a payout ratio of 22.35%.

AIA Group Ltd reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,717 shares of the conglomerate's stock after selling 757 shares during the quarter. AIA Group Ltd's holdings in Carlisle Companies were worth $2,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CSL. Raymond James Financial Inc. acquired a new position in shares of Carlisle Companies in the fourth quarter worth $29,839,000. Capital Fund Management S.A. acquired a new position in shares of Carlisle Companies in the fourth quarter worth $3,841,000. Barclays PLC raised its holdings in shares of Carlisle Companies by 19.6% in the fourth quarter. Barclays PLC now owns 72,875 shares of the conglomerate's stock worth $26,879,000 after acquiring an additional 11,955 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Carlisle Companies in the fourth quarter worth $5,004,000. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Carlisle Companies in the fourth quarter worth $22,126,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $15.56 during mid-day trading on Wednesday, hitting $399.95. The company had a trading volume of 436,385 shares, compared to its average volume of 520,437. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.21 and a beta of 1.05. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm's 50 day simple moving average is $385.93 and its two-hundred day simple moving average is $369.32.

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

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $1.10 per share. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date is Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies's payout ratio is 22.35%.

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.