IFM Investors Pty Ltd Has $4.06 Million Stock Holdings in Carlisle Companies Incorporated $CSL

Key Points

• IFM Investors Pty Ltd reduced its holdings in Carlisle Companies by 7.5%, now owning approximately 10,869 shares valued at $4,058,000.
• JPMorgan Chase & Co. and Loop Capital both adjusted their price targets for the stock, with JPMorgan lowering it to $410.00 and Loop Capital to $395.00, while the consensus price target remains at $435.83.
• Carlisle Companies announced a quarterly dividend increase, raising it from $1.00 to $1.10, with an annualized yield of 1.3%.

IFM Investors Pty Ltd decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 7.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,869 shares of the conglomerate's stock after selling 881 shares during the period. IFM Investors Pty Ltd's holdings in Carlisle Companies were worth $4,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dagco Inc. bought a new position in shares of Carlisle Companies during the first quarter worth about $27,000. MAI Capital Management boosted its stake in Carlisle Companies by 37.8% during the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock valued at $42,000 after purchasing an additional 34 shares during the period. CX Institutional bought a new position in Carlisle Companies in the 1st quarter worth about $49,000. Wayfinding Financial LLC acquired a new stake in shares of Carlisle Companies in the first quarter valued at approximately $55,000. Finally, Allworth Financial LP raised its holdings in shares of Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after buying an additional 42 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock traded down $0.32 during trading hours on Monday, hitting $337.69. 990,048 shares of the stock were exchanged, compared to its average volume of 546,742. The stock has a market capitalization of $14.44 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.09 and a beta of 1.05. The business's 50-day moving average is $383.37 and its two-hundred day moving average is $373.66. 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 12 month low of $311.41 and a 12 month high of $481.26.

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 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 period in the prior year, the business earned $6.24 EPS. The business's revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial decreased their price target on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Finally, Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $429.17.

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.