Deutsche Bank AG Decreases Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Deutsche Bank AG reduced its stake in Carlisle Companies by 8.3%, selling 13,684 shares and now holds 151,947 shares valued at $51.74 million.
• Carlisle Companies announced a quarterly dividend increase from $1.00 to $1.10, with a dividend yield of 1.2%, which will be paid on September 2nd.
• The company's latest earnings report showed a Q2 EPS of $6.27, missing estimates by $0.40, and a slight revenue decline of 0.1% from the previous year.

Deutsche Bank AG cut its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,947 shares of the conglomerate's stock after selling 13,684 shares during the period. Deutsche Bank AG owned 0.35% of Carlisle Companies worth $51,738,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CSL. GeoWealth Management LLC lifted its stake in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares during the period. Crestwood Advisors Group LLC raised its stake in shares of Carlisle Companies by 2.1% in the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock worth $506,000 after buying an additional 31 shares during the period. Net Worth Advisory Group lifted its position in shares of Carlisle Companies by 2.8% during the 1st quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate's stock valued at $517,000 after buying an additional 41 shares in the last quarter. Allworth Financial LP grew its stake in shares of Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after acquiring an additional 42 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in Carlisle Companies by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 5,199 shares of the conglomerate's stock worth $1,770,000 after acquiring an additional 45 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective on the stock. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Robert W. Baird increased their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Truist Financial lowered their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Stock Up 4.0%

Shares of CSL traded up $15.56 during midday trading on Wednesday, reaching $399.95. 436,385 shares of the stock were exchanged, compared to its average volume of 520,437. The company has a market capitalization of $17.10 billion, a P/E ratio of 22.34, a PEG ratio of 1.21 and a beta of 1.05. 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 Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company's 50 day moving average is $385.93 and its two-hundred day moving average is $369.32.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. The firm's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.24 earnings per share. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies's dividend payout ratio is 22.35%.

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.