Johnson Investment Counsel Inc. Lowers Stock Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Johnson Investment Counsel Inc. has reduced its stake in Carlisle Companies Incorporated by 1.8% during the second quarter, now holding approximately 0.31% of the company's shares valued at about $50.1 million.
• A number of financial analysts have downgraded Carlisle's stock ratings, with Zacks Research shifting it from a "hold" to a "strong sell" rating.
• Carlisle Companies recently increased its quarterly dividend to $1.10, reflecting a positive change from the previous $1.00 dividend, representing an annual yield of 1.4%.

Johnson Investment Counsel Inc. decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,194 shares of the conglomerate's stock after selling 2,477 shares during the quarter. Johnson Investment Counsel Inc. owned approximately 0.31% of Carlisle Companies worth $50,108,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after buying an additional 2,976 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after buying an additional 54 shares in the last quarter. CX Institutional purchased a new position in shares of Carlisle Companies during the 1st quarter valued at $49,000. GAMMA Investing LLC lifted its stake in shares of Carlisle Companies by 12.4% during the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after buying an additional 164 shares in the last quarter. Finally, Strs Ohio bought a new stake in Carlisle Companies in the 1st quarter valued at $17,025,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CSL shares. Zacks Research downgraded shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price target for the company from $430.00 to $395.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. reduced their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Truist Financial reduced their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a report on Monday, September 22nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Carlisle Companies in a report on Wednesday. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $429.17.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $323.51 on Friday. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. 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 Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The firm has a 50-day moving average of $361.62 and a two-hundred day moving average of $372.40.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. Carlisle Companies's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $6.24 earnings per share. On average, research analysts forecast 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 was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a $1.10 dividend. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 annualized dividend and a yield of 1.4%. Carlisle Companies's dividend payout ratio 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.

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