Carlisle Companies Incorporated $CSL Shares Sold by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG reduced its Carlisle Companies stake by 3.9% in the third quarter, selling 9,847 shares and retaining 242,195 shares valued at approximately $78 million. Institutional investors collectively own 89.52% of the company.
• Analysts maintain a generally positive view, with five Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $394.50. Recent target changes included reductions from Robert W. Baird and Truist Financial.
• Carlisle reported quarterly EPS of $7.03, exceeding estimates of $6.35, while revenue rose 8.3% year over year to $1.57 billion. The company also increased its quarterly dividend from $1.10 to $1.25, implying an annualized yield of 1.4%.

Robeco Schweiz AG lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 242,195 shares of the conglomerate's stock after selling 9,847 shares during the period. Carlisle Companies makes up 1.4% of Robeco Schweiz AG's holdings, making the stock its 20th biggest holding. Robeco Schweiz AG owned approximately 0.61% of Carlisle Companies worth $78,028,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in Carlisle Companies by 71.7% during the 3rd quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate's stock worth $29,000 after buying an additional 38 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Carlisle Companies in the second quarter worth $33,000. Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies in the second quarter worth $35,000. Signature Equity Partners LLC grew its stake in shares of Carlisle Companies by 3,133.3% in the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate's stock worth $32,000 after acquiring an additional 94 shares in the last quarter. Finally, Allied Private Wealth LLC purchased a new stake in shares of Carlisle Companies during the second quarter worth $33,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSL. Robert W. Baird reduced their price objective on Carlisle Companies from $412.00 to $402.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 13th. DA Davidson set a $355.00 target price on Carlisle Companies in a research note on Friday, October 9th. Weiss Ratings upgraded Carlisle Companies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Finally, Truist Financial cut their price target on Carlisle Companies from $360.00 to $340.00 and set a "hold" rating on the stock in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $394.50.

Carlisle Companies Trading Down 2.1%

NYSE CSL opened at $345.11 on Friday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The firm has a 50 day moving average of $337.14 and a two-hundred day moving average of $347.11. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $13.70 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.09 and a beta of 0.84.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating analysts' consensus estimates of $6.35 by $0.68. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company's revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $6.27 EPS. As a group, research analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a $1.25 dividend. This is a boost from Carlisle Companies's previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, August 19th. Carlisle Companies's payout ratio is 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle's product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.

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