AustralianSuper Pty Ltd Decreases Stake in Carlisle Companies Incorporated (NYSE:CSL)

AustralianSuper Pty Ltd lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 62.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,057 shares of the conglomerate's stock after selling 89,799 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.12% of Carlisle Companies worth $18,066,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. TD Private Client Wealth LLC raised its stake in shares of 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 in the last quarter. CX Institutional bought a new position in shares of Carlisle Companies during the 1st quarter worth approximately $49,000. GeoWealth Management LLC raised its stake in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after acquiring an additional 29 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Carlisle Companies during the 1st quarter worth approximately $55,000. Finally, Allworth Financial LP raised its stake in shares of Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of NYSE CSL traded up $13.14 during mid-day trading on Tuesday, reaching $418.12. The company's stock had a trading volume of 215,722 shares, compared to its average volume of 403,001. The stock has a 50-day moving average of $386.54 and a two-hundred day moving average of $368.54. The stock has a market capitalization of $18.08 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26.

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

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Wall Street Analysts Forecast Growth

CSL has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Robert W. Baird upped their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price target on the stock. Truist Financial cut their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $461.67.

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.