Assenagon Asset Management S.A. Sells 3,374 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Assenagon Asset Management S.A. reduced its stake in Carlisle Companies by 79.4%, selling 3,374 shares and leaving it with 877 shares valued at $327,000.
• Several hedge funds have increased their holdings in Carlisle Companies, with GAMMA Investing LLC's stake growth being particularly notable at 38,164.5%.
• Analysts have downgraded Carlisle's shares with Zacks Research issuing a "strong sell" rating and JPMorgan Chase & Co. lowering their price target from $480 to $410.

Assenagon Asset Management S.A. lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 79.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 877 shares of the conglomerate's stock after selling 3,374 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Carlisle Companies were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Carlisle Companies by 4.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock valued at $394,244,000 after purchasing an additional 49,102 shares during the last quarter. Madison Asset Management LLC raised its position in shares of Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock valued at $175,403,000 after acquiring an additional 113,312 shares during the period. GAMMA Investing LLC raised its position in shares of Carlisle Companies by 38,164.5% in the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after acquiring an additional 505,680 shares during the period. Bessemer Group Inc. raised its position in shares of Carlisle Companies by 8.4% in the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock valued at $171,880,000 after acquiring an additional 39,329 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate's stock valued at $170,017,000 after acquiring an additional 50,578 shares during the period. Institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CSL shares. Zacks Research downgraded shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. cut their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and dropped their target price for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, Truist Financial dropped their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a report on Monday, September 22nd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $429.17.

Carlisle Companies Trading Down 0.0%

CSL stock opened at $327.59 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company's 50-day simple moving average is $377.62 and its 200 day simple moving average is $373.65. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a market capitalization of $14.00 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05.

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

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies's dividend payout ratio is currently 24.58%.

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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