Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. cut its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,671 shares of the conglomerate's stock after selling 2,344 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.31% of Carlisle Companies worth $46,536,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its stake in Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock valued at $502,239,000 after purchasing an additional 29,799 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Carlisle Companies by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after buying an additional 17,206 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock valued at $418,617,000 after buying an additional 34,021 shares during the period. Wells Fargo & Company MN boosted its stake in Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after buying an additional 538,990 shares in the last quarter. Finally, Norges Bank bought a new position in Carlisle Companies during the fourth quarter valued at about $208,095,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Trading Down 0.3%

Shares of NYSE CSL opened at $354.91 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.07 and a beta of 1.06. The business has a fifty day simple moving average of $376.93 and a 200-day simple moving average of $370.79.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $3.72 EPS. The business's revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $1.00 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.13%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Truist Financial dropped their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird raised their target price 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $454.00.

Carlisle Companies 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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