American Century Companies Inc. Has $22.10 Million Position in Carlisle Companies Incorporated $CSL

Key Points

• American Century Companies Inc. has reduced its stake in Carlisle Companies by 26.6%, selling 23,479 shares for a total holding of approximately $22 million.
• Carlisle Companies reported a missed earnings estimate of $6.27 per share for the last quarter, falling short of the $6.67 consensus estimate, with a slight decline in revenue year-over-year.
• The company recently increased its quarterly dividend from $1.00 to $1.10 per share, reflecting a commitment to returning value to shareholders.

American Century Companies Inc. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,896 shares of the conglomerate's stock after selling 23,479 shares during the period. American Century Companies Inc. owned about 0.15% of Carlisle Companies worth $22,097,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CSL. NewEdge Advisors LLC lifted its stake in shares of Carlisle Companies by 12.1% in the 4th quarter. NewEdge Advisors LLC now owns 909 shares of the conglomerate's stock valued at $335,000 after acquiring an additional 98 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of 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. TD Waterhouse Canada Inc. lifted its stake in shares of Carlisle Companies by 32.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 272 shares of the conglomerate's stock valued at $100,000 after acquiring an additional 66 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Carlisle Companies by 30.7% in the 4th quarter. Hsbc Holdings PLC now owns 45,875 shares of the conglomerate's stock valued at $16,916,000 after acquiring an additional 10,778 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Carlisle Companies in the 4th quarter valued at $261,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Down 1.2%

Carlisle Companies stock traded down $4.56 during trading hours on Thursday, reaching $385.77. 106,835 shares of the company's stock were exchanged, compared to its average volume of 456,273. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm's 50 day simple moving average is $390.01 and its 200 day simple moving average is $370.10. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The firm has a market capitalization of $16.49 billion, a PE ratio of 21.55, a PEG ratio of 1.26 and a beta of 1.05.

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

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, August 19th. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is 24.58%.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of research reports. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price target for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $450.83.

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.