Citigroup Inc. Decreases Stake in Carlisle Companies Incorporated $CSL

Key Points

• Citigroup Inc. sold 15,222 shares of Carlisle Companies Incorporated, reducing its holdings by 31.5% to approximately 33,110 shares, valued at $11.27 million.
• Research analysts have varying ratings on Carlisle Companies, with four analysts rating it as a buy and four giving it a hold rating, and a consensus target price of $450.83.
• Carlisle Companies announced a quarterly dividend of $1.10, an increase from its previous dividend of $1.00, reflecting a yield of 1.2% and a payout ratio of 22.35%.

Citigroup Inc. lessened its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 31.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 33,110 shares of the conglomerate's stock after selling 15,222 shares during the period. Citigroup Inc. owned approximately 0.08% of Carlisle Companies worth $11,274,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSL. Raymond James Financial Inc. acquired a new position in shares of Carlisle Companies during the fourth quarter valued at about $29,839,000. Barclays PLC lifted its position in Carlisle Companies by 19.6% in the 4th quarter. Barclays PLC now owns 72,875 shares of the conglomerate's stock valued at $26,879,000 after acquiring an additional 11,955 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Carlisle Companies by 12.1% during the 4th quarter. NewEdge Advisors LLC now owns 909 shares of the conglomerate's stock valued at $335,000 after purchasing an additional 98 shares during the last quarter. Zacks Investment Management increased its holdings in Carlisle Companies by 26.9% during the 4th quarter. Zacks Investment Management now owns 7,843 shares of the conglomerate's stock worth $2,893,000 after purchasing an additional 1,663 shares in the last quarter. Finally, Farringdon Capital Ltd. bought a new stake in Carlisle Companies during the 4th quarter worth approximately $218,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $2.5990 during mid-day trading on Thursday, reaching $381.0610. 251,596 shares of the company's stock were exchanged, compared to its average volume of 524,937. The firm has a 50-day moving average price of $387.03 and a two-hundred day moving average price of $369.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.21 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 posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share 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 the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. Carlisle Companies's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.24 EPS. Analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a $1.10 dividend. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies's payout ratio is presently 24.58%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CSL shares. Robert W. Baird increased their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research 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 target price for the company. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. 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 research note on Thursday, April 24th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of "Moderate Buy" and an average target price of $450.83.

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.