Assenagon Asset Management S.A. Decreases Position in Carlisle Companies Incorporated (NYSE:CSL)

Assenagon Asset Management S.A. lowered its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 84.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,251 shares of the conglomerate's stock after selling 22,835 shares during the period. Assenagon Asset Management S.A.'s holdings in Carlisle Companies were worth $1,447,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its position in Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. GeoWealth Management LLC raised its holdings in Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after acquiring an additional 29 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after buying an additional 78 shares during the last quarter. Quarry LP increased its stake in Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after acquiring an additional 53 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Carlisle Companies in the fourth quarter valued at about $93,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

CSL has been the topic of several research reports. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Robert W. Baird increased their price target 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. Finally, 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 research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has an average rating of "Moderate Buy" and an average target price of $454.00.

Carlisle Companies Stock Down 0.8%

Shares of NYSE CSL opened at $355.88 on Wednesday. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.08 and a beta of 1.06. The firm has a 50-day moving average price of $376.68 and a 200 day moving average price of $370.90. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $3.72 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.12%. Carlisle Companies's dividend payout ratio (DPR) is currently 14.89%.

Carlisle Companies 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.

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