Northwest & Ethical Investments L.P. Sells 3,396 Shares of Carlisle Companies Incorporated $CSL

Key Points

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Northwest & Ethical Investments L.P. lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 48.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,579 shares of the conglomerate's stock after selling 3,396 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Carlisle Companies were worth $1,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Carlisle Companies by 4.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock valued at $394,244,000 after purchasing an additional 49,102 shares during the period. Madison Asset Management LLC increased its holdings in shares of Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock valued at $175,403,000 after purchasing an additional 113,312 shares during the period. GAMMA Investing LLC increased its holdings in shares of Carlisle Companies by 38,164.5% in the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after purchasing an additional 505,680 shares during the period. Bessemer Group Inc. increased its holdings in shares of Carlisle Companies by 8.4% in the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock valued at $171,880,000 after purchasing an additional 39,329 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate's stock valued at $170,017,000 after purchasing an additional 50,578 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Performance

CSL stock traded up $16.0890 during midday trading on Friday, hitting $397.7090. 289,119 shares of the company traded hands, compared to its average volume of 517,771. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The business has a 50 day simple moving average of $387.86 and a 200-day simple moving average of $369.17. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 1.20 and a beta of 1.05.

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 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 analyst estimates of $1.50 billion. During the same quarter last year, the business earned $6.24 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date is Tuesday, August 19th. Carlisle Companies's dividend payout ratio is 24.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and dropped their target price for the company from $430.00 to $395.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price on the stock. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

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.