Carlisle Companies Incorporated $CSL Stock: Robeco Institutional Asset Management B.V. Reduces Stake

Key Points

• Robeco Institutional Asset Management reduced its Carlisle Companies stake by 55.6% in the third quarter, selling 10,552 shares and retaining 8,412 shares valued at approximately $2.71 million. Institutional investors collectively own 89.52% of CSL.
• Carlisle reported quarterly earnings of $7.03 per share, beating estimates by $0.68, 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 per share.
• Analysts maintain a generally positive outlook, with CSL receiving a consensus “Moderate Buy” rating and an average price target of $394.50, above its reported opening price of $345.11.

Robeco Institutional Asset Management B.V. decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 55.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,412 shares of the conglomerate's stock after selling 10,552 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Carlisle Companies were worth $2,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc increased its position in shares of Carlisle Companies by 9.8% in the third quarter. IFP Advisors Inc now owns 495 shares of the conglomerate's stock valued at $159,000 after acquiring an additional 44 shares during the period. Copeland Capital Management LLC boosted its position in shares of Carlisle Companies by 12.0% during the third quarter. Copeland Capital Management LLC now owns 76,551 shares of the conglomerate's stock valued at $24,663,000 after purchasing an additional 8,225 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its position in shares of Carlisle Companies by 2.9% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 8,981 shares of the conglomerate's stock worth $2,893,000 after buying an additional 251 shares during the period. Wedmont Private Capital grew its holdings in Carlisle Companies by 20.7% in the third quarter. Wedmont Private Capital now owns 928 shares of the conglomerate's stock worth $298,000 after purchasing an additional 159 shares during the period. Finally, Diversified Management Inc. bought a new position in Carlisle Companies during the 3rd quarter valued at approximately $1,989,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock opened at $345.11 on Monday. The company's 50-day simple moving average is $337.14 and its two-hundred day simple moving average is $347.22. The company has a market capitalization of $13.70 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.09 and a beta of 0.84. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04.

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

Carlisle Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

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

About Carlisle Companies

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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