Carlisle Companies Incorporated $CSL Shares Sold by Boston Partners

Key Points

• Boston Partners reduced its stake in Carlisle Companies by 27.4%, selling 6,843 shares during the first quarter, leaving them with 18,114 shares valued at approximately $6.17 million.
• Carlisle Companies reported earnings per share (EPS) of $6.27, missing analysts' estimates, and its revenue for the quarter was down 0.1% year-over-year.
• The company announced a dividend increase to $1.10 per share, which will be paid on September 2nd, representing an annualized yield of 1.2%.

Boston Partners lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 27.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,114 shares of the conglomerate's stock after selling 6,843 shares during the quarter. Boston Partners' holdings in Carlisle Companies were worth $6,169,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CSL. GAMMA Investing LLC increased its holdings in Carlisle Companies by 38,164.5% in the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after buying an additional 505,680 shares during the last quarter. Cooke & Bieler LP purchased a new position in Carlisle Companies in the first quarter valued at $74,095,000. Pacer Advisors Inc. increased its holdings in Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after buying an additional 202,425 shares during the last quarter. Nuveen LLC purchased a new position in Carlisle Companies in the first quarter valued at $62,485,000. Finally, Point72 Asset Management L.P. purchased a new position in Carlisle Companies in the fourth quarter valued at $55,104,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. assumed 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. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Truist Financial decreased their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Robert W. Baird upped their price objective 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. Finally, Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Carlisle Companies presently has an average rating of "Moderate Buy" and an average price target of $450.83.

Carlisle Companies Stock Performance

NYSE CSL traded up $17.01 during trading hours on Friday, hitting $398.63. The company had a trading volume of 98,447 shares, compared to its average volume of 459,668. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a market cap of $17.04 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. The business has a 50 day moving average of $387.03 and a 200-day moving average of $369.02.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data 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 38.16%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $6.24 EPS. The business's revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date is Tuesday, August 19th. Carlisle Companies's payout ratio is currently 24.58%.

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.