Asset Management One Co. Ltd. Decreases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Asset Management One Co. Ltd. trimmed its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 13.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,987 shares of the conglomerate's stock after selling 2,698 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Carlisle Companies were worth $6,125,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC increased its holdings in Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after acquiring an additional 57 shares during the period. CX Institutional bought a new position in shares of Carlisle Companies in the first quarter worth $49,000. GeoWealth Management LLC increased its holdings in shares of 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 purchasing an additional 29 shares during the period. Farther Finance Advisors LLC raised its position in shares of Carlisle Companies by 95.1% in 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 in the last quarter. Finally, Quarry LP boosted its stake in Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after buying an additional 53 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zelman & Associates upgraded 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. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price on the stock. Truist Financial dropped their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, 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 report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average target price of $461.67.

Carlisle Companies Price Performance

Shares of NYSE CSL traded down $0.48 during trading hours on Monday, reaching $373.86. 361,035 shares of the stock traded hands, compared to its average volume of 393,716. The company's 50-day simple moving average is $379.37 and its two-hundred day simple moving average is $366.54. The company has a market capitalization of $16.17 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.12 and a beta of 1.06. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. 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 issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $3.72 earnings per share. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.

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.