CX Institutional Sells 30,943 Shares of Carlisle Companies Incorporated $CSL

Key Points

• CX Institutional cut its Carlisle Companies stake by 97.4% in the third quarter, selling 30,943 shares and retaining 840 shares valued at approximately $271,000. Institutional investors collectively own 89.52% of CSL.
• Carlisle reported quarterly earnings of $7.03 per share, exceeding estimates of $6.35, while revenue rose 8.3% year over year to $1.57 billion.
• The company increased its quarterly dividend from $1.10 to $1.25 per share, equivalent to $5.00 annually and a 1.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $402.43.

CX Institutional trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 97.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 840 shares of the conglomerate's stock after selling 30,943 shares during the period. CX Institutional's holdings in Carlisle Companies were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CSL. Fifth Third Wealth Advisors LLC lifted its stake in shares of Carlisle Companies by 1.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate's stock valued at $716,000 after purchasing an additional 29 shares during the last quarter. Boston Common Asset Management LLC increased its position in Carlisle Companies by 0.6% during the first quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate's stock worth $1,731,000 after buying an additional 30 shares during the last quarter. Next Level Private LLC increased its position in Carlisle Companies by 0.3% during the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate's stock worth $4,092,000 after buying an additional 33 shares during the last quarter. Versant Capital Management Inc raised its holdings in Carlisle Companies by 71.7% during the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate's stock valued at $29,000 after buying an additional 38 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Carlisle Companies by 1.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate's stock valued at $925,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Performance

CSL opened at $331.80 on Tuesday. The firm has a market capitalization of $13.18 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.03 and a beta of 0.84. The stock's 50 day moving average price is $348.88 and its two-hundred day moving average price is $347.41. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91.

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

Carlisle Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Truist Financial decreased their price target on Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research note on Tuesday, July 7th. Robert W. Baird set a $412.00 price objective on Carlisle Companies in a research note on Thursday, July 30th. DA Davidson initiated coverage on Carlisle Companies in a report on Monday, August 24th. They issued a "neutral" rating and a $410.00 target price for the company. Finally, Weiss Ratings cut Carlisle Companies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, September 10th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Carlisle Companies has an average rating of "Hold" and a consensus price target of $402.43.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.

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