Carlisle Companies Incorporated $CSL Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Carlisle Companies by 30.4%, owning approximately 0.07% of the company valued at $12 million after selling over 14,000 shares.
• Carlisle Companies announced a quarterly dividend of $1.10, increasing from the previous $1.00, resulting in a current annualized yield of 1.3%.
• Recent analyst reports have mixed ratings for Carlisle Companies, with some downgrading the stock to "strong sell" while others maintain a "hold" or "buy" rating, reflecting a consensus rating of "Hold" with an average price target of $429.17.

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 30.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,229 shares of the conglomerate's stock after selling 14,093 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Carlisle Companies worth $12,034,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CSL. Cambridge Investment Research Advisors Inc. grew its stake in Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after acquiring an additional 2,976 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock worth $667,000 after purchasing an additional 54 shares during the last quarter. CX Institutional purchased a new stake in shares of Carlisle Companies in the first quarter valued at approximately $49,000. GAMMA Investing LLC grew its position in shares of Carlisle Companies by 12.4% in the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after purchasing an additional 164 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Carlisle Companies in the first quarter valued at approximately $17,025,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSL has been the topic of a number of recent research reports. Truist Financial lowered their price objective on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a research note on Monday, September 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Carlisle Companies in a research report on Saturday, September 27th. Zacks Research cut shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Loop Capital downgraded 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 research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $429.17.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $328.25 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00. The company's 50 day simple moving average is $368.43 and its 200-day simple moving average is $373.28. 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 posted its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share 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 last year, the business posted $6.24 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

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

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.

Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies Incorporated (NYSE:CSL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.