Mirae Asset Global Investments Co. Ltd. Grows Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Carlisle Companies Incorporated by 384.2%, now owning 3,147 shares valued at approximately $1.175 million.
• Carlisle Companies recently reported a quarterly earnings per share of $6.27, which fell short of analyst expectations, and experienced a slight revenue decline year-over-year.
• The company declared a quarterly dividend of $1.10, increasing its annualized payout to $4.40, reflecting a dividend yield of 1.4% for investors.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 384.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,147 shares of the conglomerate's stock after purchasing an additional 2,497 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Carlisle Companies were worth $1,175,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Baron Wealth Management LLC boosted its stake in shares of Carlisle Companies by 4.4% during the 2nd quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate's stock valued at $233,000 after purchasing an additional 26 shares in the last quarter. Park Avenue Securities LLC lifted its position in Carlisle Companies by 3.8% during the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate's stock valued at $310,000 after purchasing an additional 30 shares in the last quarter. Crestwood Advisors Group LLC boosted its position 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 purchasing an additional 31 shares during the period. TFG Advisers LLC raised its stake in Carlisle Companies by 2.2% during the 2nd quarter. TFG Advisers LLC now owns 1,565 shares of the conglomerate's stock valued at $584,000 after purchasing an additional 33 shares during the period. Finally, MAI Capital Management lifted its stake in Carlisle Companies by 37.8% in the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock worth $42,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Down 2.3%

Shares of CSL opened at $322.59 on Friday. The stock has a market capitalization of $13.79 billion, a PE ratio of 18.02, a P/E/G ratio of 1.07 and a beta of 1.00. The company's 50-day simple moving average is $362.20 and its 200-day simple moving average is $372.40. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly 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). 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $6.24 EPS. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. Analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies's dividend payout ratio is presently 24.58%.

Analyst Upgrades and Downgrades

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

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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