National Pension Service Sells 64,926 Shares of Carlisle Companies Incorporated $CSL

Key Points

• National Pension Service significantly reduced its holdings in Carlisle Companies by 73.7% during the first quarter, leaving it with approximately 23,130 shares valued at $7.88 million.
• Analysts have expressed mixed sentiments, with Truist Financial cutting its target price from $420 to $390 and several other firms maintaining or adjusting their ratings on Carlisle's stock.
• Carlisle Companies announced an increase in its quarterly dividend from $1.00 to $1.10 per share, resulting in an annualized yield of 1.2%.

National Pension Service reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 73.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,130 shares of the conglomerate's stock after selling 64,926 shares during the quarter. National Pension Service owned 0.05% of Carlisle Companies worth $7,876,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Carlisle Companies by 38,164.5% in the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after acquiring an additional 505,680 shares during the last quarter. Cooke & Bieler LP acquired a new position in shares of Carlisle Companies in the first quarter worth $74,095,000. Pacer Advisors Inc. increased its stake in shares of Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock worth $73,202,000 after acquiring an additional 202,425 shares during the last quarter. Nuveen LLC acquired a new position in shares of Carlisle Companies in the first quarter worth $62,485,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Carlisle Companies in the fourth quarter worth $55,104,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

NYSE CSL traded down $0.9150 during trading on Thursday, hitting $382.7450. The company's stock had a trading volume of 134,239 shares, compared to its average volume of 461,164. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $386.73 and a 200 day moving average price of $369.03. The firm has a market cap of $16.36 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.22 and a beta of 1.05. 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 released its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion for 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%. Carlisle Companies's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.24 earnings per share. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, August 19th. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies's dividend payout ratio is 24.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CSL shares. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Finally, Truist Financial decreased their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

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.