Curi RMB Capital LLC Has $3.14 Million Stake in Carlisle Companies Incorporated $CSL

Key Points

• Curi RMB Capital LLC reduced its stake in Carlisle Companies by 9.1%, ending the quarter with 9,209 shares valued at approximately $3.1 million.
• Analysts have mixed opinions on Carlisle Companies, with Loop Capital downgrading the stock from "buy" to "hold" and adjusting the price target to $395.00, while others maintain a "buy" rating with targets as high as $500.00.
• Carlisle Companies recently increased its quarterly dividend to $1.10 per share, yielding 1.1%, indicating a positive shift from its previous dividend of $1.00.

Curi RMB Capital LLC reduced its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,209 shares of the conglomerate's stock after selling 923 shares during the period. Curi RMB Capital LLC's holdings in Carlisle Companies were worth $3,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its position in Carlisle Companies by 0.7% in the 1st quarter. AQR Capital Management LLC now owns 61,100 shares of the conglomerate's stock valued at $20,684,000 after acquiring an additional 404 shares during the period. Amundi increased its position in Carlisle Companies by 119.3% during the 1st quarter. Amundi now owns 106,534 shares of the conglomerate's stock worth $35,530,000 after purchasing an additional 57,952 shares during the period. Aprio Wealth Management LLC acquired a new position in Carlisle Companies during the 1st quarter worth approximately $202,000. Perbak Capital Partners LLP acquired a new position in Carlisle Companies during the 1st quarter worth approximately $337,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Carlisle Companies in the 1st quarter worth approximately $305,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and reduced their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Price Performance

NYSE:CSL traded up $14.69 during midday trading on Thursday, hitting $392.54. 126,037 shares of the stock were exchanged, compared to its average volume of 450,943. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 1.23 and a beta of 1.05. The business has a 50-day moving average price of $392.50 and a two-hundred day moving average price of $372.35. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data 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). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $6.24 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

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.