Carlisle Companies Incorporated $CSL Stock Holdings Lifted by Triodos Investment Management BV

Key Points

• Triodos Investment Management BV increased its stake in Carlisle Companies by 28.5%, holding approximately 90,750 shares worth about $33.88 million, making it the company's 16th largest position.
• Carlisle Companies reported earnings of $6.27 per share, missing analysts' estimates, and a revenue decrease of 0.1% year-over-year.
• The company has recently increased its quarterly dividend from $1.00 to $1.10, representing an annualized dividend yield of 1.4%.

Triodos Investment Management BV grew its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 28.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,750 shares of the conglomerate's stock after buying an additional 20,150 shares during the period. Carlisle Companies makes up approximately 2.5% of Triodos Investment Management BV's holdings, making the stock its 16th biggest position. Triodos Investment Management BV owned about 0.21% of Carlisle Companies worth $33,886,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cooke & Bieler LP acquired a new position in Carlisle Companies in the 1st quarter valued at approximately $74,095,000. Pacer Advisors Inc. raised its holdings in Carlisle Companies by 1,611.7% in the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after acquiring an additional 202,425 shares in the last quarter. Nuveen LLC acquired a new position in Carlisle Companies in the 1st quarter valued at approximately $62,485,000. Victory Capital Management Inc. raised its holdings in Carlisle Companies by 112.3% in the 1st quarter. Victory Capital Management Inc. now owns 240,516 shares of the conglomerate's stock valued at $81,896,000 after acquiring an additional 127,234 shares in the last quarter. Finally, Madison Asset Management LLC raised its holdings in Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock valued at $175,403,000 after acquiring an additional 113,312 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Down 2.3%

Shares of CSL opened at $322.59 on Friday. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.07 and a beta of 1.00. 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 business's fifty day moving average price is $362.20 and its two-hundred day moving average price is $372.40. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.24 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a $1.10 dividend. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies's dividend payout ratio (DPR) is currently 24.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price target on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research note on Wednesday. Zacks Research lowered Carlisle Companies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 23rd. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" 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.

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