Mutual of America Capital Management LLC Cuts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Mutual of America Capital Management LLC lowered its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,316 shares of the conglomerate's stock after selling 1,137 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Carlisle Companies worth $13,047,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CSL. Proficio Capital Partners LLC bought a new position in Carlisle Companies in the fourth quarter worth approximately $23,535,000. Raymond James Financial Inc. acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at about $29,839,000. Farther Finance Advisors LLC grew its position in shares of Carlisle Companies by 95.1% during the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock valued at $59,000 after acquiring an additional 78 shares during the period. Catalyst Funds Management Pty Ltd lifted its stake in Carlisle Companies by 287.5% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 3,100 shares of the conglomerate's stock valued at $1,143,000 after buying an additional 2,300 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Carlisle Companies by 0.3% in the 4th quarter. Natixis Advisors LLC now owns 136,330 shares of the conglomerate's stock valued at $50,284,000 after buying an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Robert W. Baird raised their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.67.

Carlisle Companies Stock Down 0.8%

CSL stock opened at $412.59 on Friday. The firm has a market cap of $17.84 billion, a PE ratio of 15.36, a PEG ratio of 1.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The firm's 50 day moving average price is $384.80 and its 200-day moving average price is $367.36. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.72 EPS. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Monday, May 19th. Carlisle Companies's payout ratio is presently 14.89%.

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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