Corient Private Wealth LP Sells 396,410 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Corient Private Wealth LP cut its Carlisle Companies stake by 99.4%, selling 396,410 shares and retaining 2,245 shares worth approximately $814,000. Institutional investors and hedge funds collectively own 89.52% of CSL.
• Carlisle reported quarterly EPS of $7.03, beating estimates of $6.35, while revenue rose 8.3% year over year to $1.57 billion. The company also increased its quarterly dividend to $1.25, or $5.00 annually.
• Analyst sentiment is mixed, with five Buy ratings and six Holds; the consensus rating is Hold with a $402.43 price target. CSL opened at $326.83, below its 50-day and 200-day moving averages.

Corient Private Wealth LP decreased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 99.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,245 shares of the conglomerate's stock after selling 396,410 shares during the quarter. Corient Private Wealth LP's holdings in Carlisle Companies were worth $814,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CSL. Nykredit A S acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $2,747,000. Empowered Funds LLC bought a new stake in Carlisle Companies during the 2nd quarter worth approximately $1,914,000. Legal & General Group Plc acquired a new stake in Carlisle Companies during the 2nd quarter valued at $49,811,000. Man Group plc acquired a new stake in Carlisle Companies during the 2nd quarter valued at $4,682,000. Finally, SEB Asset Management AB bought a new position in Carlisle Companies in the 1st quarter valued at $6,783,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSL has been the topic of several research analyst reports. 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 report on Tuesday, July 7th. Robert W. Baird set a $412.00 price target on Carlisle Companies in a report on Thursday, July 30th. DA Davidson began coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They set a "neutral" rating and a $410.00 price target on the stock. Finally, Weiss Ratings lowered shares of Carlisle Companies from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, September 10th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $402.43.

Carlisle Companies Price Performance

NYSE CSL opened at $326.83 on Tuesday. The business has a 50 day simple moving average of $349.37 and a 200 day simple moving average of $347.98. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.02 and a beta of 0.84.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating analysts' consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $6.27 earnings per share. The business's revenue was up 8.3% on a year-over-year basis. Analysts anticipate that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a boost from Carlisle Companies's previous quarterly dividend of $1.10. Carlisle Companies's dividend payout ratio (DPR) is currently 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and construction materials. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company provides products designed to improve the performance, energy efficiency and durability of commercial and residential buildings.

Its product portfolio includes commercial roofing systems, insulation, waterproofing and air-barrier solutions, architectural metal products, and related building-envelope components.

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