TT International Asset Management LTD Sells 861 Shares of Carlisle Companies Incorporated $CSL

Key Points

• TT International Asset Management LTD reduced its stake in Carlisle Companies by 35.6%, holding 1,555 shares worth about $581,000 after selling 861 shares in the second quarter.
• JPMorgan Chase & Co. cut its price target for Carlisle Companies from $480.00 to $410.00, while Loop Capital downgraded the stock from "buy" to "hold," lowering its price target from $430.00 to $395.00.
• Carlisle Companies has increased its quarterly dividend to $1.10 per share, which reflects a rise from the previous dividend of $1.00, representing an annualized yield of 1.3%.

TT International Asset Management LTD reduced its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 35.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,555 shares of the conglomerate's stock after selling 861 shares during the quarter. TT International Asset Management LTD's holdings in Carlisle Companies were worth $581,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital purchased a new position in Carlisle Companies in the second quarter valued at $224,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $392,000. Chesley Taft & Associates LLC increased its stake in Carlisle Companies by 2.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 5,286 shares of the conglomerate's stock worth $1,974,000 after buying an additional 104 shares during the period. Procyon Advisors LLC increased its position in shares of Carlisle Companies by 9.0% in the 2nd quarter. Procyon Advisors LLC now owns 2,121 shares of the conglomerate's stock valued at $792,000 after purchasing an additional 176 shares during the last quarter. Finally, Baron Wealth Management LLC grew its position in shares of Carlisle Companies by 4.4% in the 2nd quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate's stock valued at $233,000 after buying an additional 26 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price target for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $435.83.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $6.44 during mid-day trading on Friday, hitting $337.94. The stock had a trading volume of 1,418,604 shares, compared to its average volume of 490,266. The company has a 50 day moving average of $384.90 and a two-hundred day moving average of $373.37. 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 twelve month low of $311.41 and a twelve month high of $481.26. The firm has a market cap of $14.45 billion, a PE ratio of 18.88, a PEG ratio of 1.09 and a beta of 1.05.

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

Carlisle Companies Increases Dividend

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

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.