Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has significantly reduced its holdings in Carlisle Companies by 58.2%, now owning just 10,018 shares after divesting 13,935 shares in the first quarter.
• Several other institutional investors are actively trading Carlisle stock, with 89.52% of the company's shares held by such investors.
• Current analyst ratings for Carlisle Companies include three "hold" ratings and five "buy" ratings, with a consensus price target set at $461.67.

Allianz Asset Management GmbH reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 58.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,018 shares of the conglomerate's stock after selling 13,935 shares during the quarter. Allianz Asset Management GmbH's holdings in Carlisle Companies were worth $3,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CSL. BKM Wealth Management LLC grew its stake in shares of Carlisle Companies by 13.1% in the 1st quarter. BKM Wealth Management LLC now owns 1,024 shares of the conglomerate's stock worth $349,000 after purchasing an additional 119 shares during the last quarter. Twin Capital Management Inc. acquired a new stake in Carlisle Companies during the first quarter worth about $701,000. Impact Partnership Wealth LLC boosted its holdings in Carlisle Companies by 14.5% during the first quarter. Impact Partnership Wealth LLC now owns 1,107 shares of the conglomerate's stock valued at $377,000 after purchasing an additional 140 shares in the last quarter. Cooke & Bieler LP bought a new stake in Carlisle Companies during the first quarter worth about $74,095,000. Finally, Tributary Capital Management LLC raised its position in Carlisle Companies by 4.3% in the 1st quarter. Tributary Capital Management LLC now owns 3,479 shares of the conglomerate's stock worth $1,185,000 after purchasing an additional 142 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of research reports. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the company from $430.00 to $395.00 in a research note on Thursday. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. 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 report on Thursday, April 24th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price on the stock. Finally, Robert W. Baird boosted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies Stock Performance

CSL stock traded down $2.24 during trading on Friday, reaching $352.47. The company had a trading volume of 975,100 shares, compared to its average volume of 463,157. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The firm has a 50-day simple moving average of $389.19 and a 200-day simple moving average of $371.29. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 36.83%. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company earned $6.24 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

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.