MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $102.57 Million Stake in Carlisle Companies Incorporated $CSL

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Carlisle Companies by 10.3%, selling 34,441 shares and owning approximately 301,238 shares valued at $102.57 million.
• Analysts have mixed views on Carlisle Companies, with Loop Capital downgrading the stock from a "buy" to a "hold" rating and cutting its price target to $395.00, while JPMorgan Chase initiated coverage with an "overweight" rating and a price target of $500.00.
• Carlisle Companies recently declared a quarterly dividend of $1.10, an increase from its previous dividend of $1.00, representing an annualized yield of 1.1% with a payout ratio of 24.58%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,238 shares of the conglomerate's stock after selling 34,441 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.70% of Carlisle Companies worth $102,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new position in Carlisle Companies during the 1st quarter worth $5,133,000. Cinctive Capital Management LP acquired a new position in Carlisle Companies during the 1st quarter worth $905,000. AQR Capital Management LLC lifted its position in Carlisle Companies by 0.7% during the 1st quarter. AQR Capital Management LLC now owns 61,100 shares of the conglomerate's stock worth $20,684,000 after acquiring an additional 404 shares during the last quarter. Amundi lifted its position in Carlisle Companies by 119.3% during the 1st quarter. Amundi now owns 106,534 shares of the conglomerate's stock worth $35,530,000 after acquiring an additional 57,952 shares during the last quarter. Finally, Aprio Wealth Management LLC acquired a new position in Carlisle Companies during the 1st quarter worth $202,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of CSL traded up $0.27 during mid-day trading on Wednesday, hitting $382.49. 140,549 shares of the company traded hands, compared to its average volume of 450,978. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average of $392.86 and a 200 day moving average of $372.32. The stock has a market capitalization of $16.35 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.26 and a beta of 1.05.

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

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. Carlisle Companies's dividend payout ratio (DPR) is 24.58%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and cut their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. assumed 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 for the company. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $450.83.

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.