MetLife Investment Management LLC Sells 781 Shares of Carlisle Companies Incorporated $CSL

Key Points

• MetLife Investment Management LLC reduced its stake in Carlisle Companies by 3.0%, selling 781 shares, bringing its total ownership to approximately 0.06% valued at $8.5 million.
• Several other institutional investors, such as Dagco Inc. and Wayfinding Financial LLC, made new stakes in Carlisle Companies, with institutional ownership reaching 89.52% of the stock.
• Carlisle Companies declared a quarterly dividend of $1.10 per share, increasing from its previous dividend of $1.00, resulting in an annual yield of 1.1%.

MetLife Investment Management LLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,967 shares of the conglomerate's stock after selling 781 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Carlisle Companies worth $8,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Dagco Inc. bought a new stake in shares of Carlisle Companies in the first quarter valued at approximately $27,000. CX Institutional bought a new stake in shares of Carlisle Companies in the first quarter valued at approximately $49,000. Wayfinding Financial LLC bought a new stake in shares of Carlisle Companies in the first quarter valued at approximately $55,000. Allworth Financial LP boosted its stake in shares of Carlisle Companies by 32.8% in the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after buying an additional 42 shares during the period. Finally, Harbour Investments Inc. lifted its stake in Carlisle Companies by 277.1% during the first quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate's stock worth $62,000 after purchasing an additional 133 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSL. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and cut their target price for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price for the company. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies Stock Up 0.0%

Shares of CSL opened at $392.84 on Wednesday. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 1.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The stock has a fifty day moving average of $389.29 and a 200-day moving average of $369.96.

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

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio is currently 24.58%.

Carlisle Companies Company 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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