Federated Hermes Inc. Has $1.50 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Federated Hermes Inc. reduced its stake in Carlisle Companies by 26.6%, now holding 4,399 shares valued at approximately $1.5 million after selling 1,592 shares.
• Carlisle Companies reported a quarterly EPS of $6.27, falling short of the analysts' expectation of $6.67, with revenues of $1.45 billion vs. the forecast of $1.50 billion.
• The company has a consensus rating of Moderate Buy from analysts, with an average target price of $450.83 following recent rating adjustments.

Federated Hermes Inc. reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 26.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,399 shares of the conglomerate's stock after selling 1,592 shares during the period. Federated Hermes Inc.'s holdings in Carlisle Companies were worth $1,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Invesco Ltd. increased its holdings in shares of Carlisle Companies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock worth $502,239,000 after acquiring an additional 29,799 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Carlisle Companies by 4.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock worth $394,244,000 after buying an additional 49,102 shares during the period. Madison Asset Management LLC raised its holdings in Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock worth $175,403,000 after buying an additional 113,312 shares during the period. GAMMA Investing LLC raised its holdings in Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after buying an additional 505,680 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Carlisle Companies by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock worth $171,880,000 after buying an additional 39,329 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Up 3.5%

Shares of CSL traded up $12.25 during midday trading on Friday, hitting $366.70. The stock had a trading volume of 542,505 shares, compared to its average volume of 527,788. The company has a 50 day simple moving average of $385.57 and a two-hundred day simple moving average of $369.51. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47.

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

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be given a $1.10 dividend. 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 22.35%.

Wall Street Analyst Weigh In

CSL has been the topic of several research analyst reports. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and dropped their target price for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Truist Financial dropped their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Robert W. Baird lifted their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

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.