Rhumbline Advisers Trims Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Rhumbline Advisers lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,016 shares of the conglomerate's stock after selling 811 shares during the quarter. Rhumbline Advisers owned approximately 0.31% of Carlisle Companies worth $45,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC increased its position in Carlisle Companies by 10.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,304 shares of the conglomerate's stock worth $785,000 after purchasing an additional 219 shares in the last quarter. Parallel Advisors LLC increased its position in Carlisle Companies by 37.6% during the 1st quarter. Parallel Advisors LLC now owns 326 shares of the conglomerate's stock worth $111,000 after purchasing an additional 89 shares in the last quarter. GAMMA Investing LLC increased its position in Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after purchasing an additional 505,680 shares in the last quarter. Sage Capital Advisors llc purchased a new stake in Carlisle Companies during the 1st quarter worth about $1,702,000. Finally, First Hawaiian Bank increased its position in Carlisle Companies by 8.1% during the 1st quarter. First Hawaiian Bank now owns 3,046 shares of the conglomerate's stock worth $1,037,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on CSL shares. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Truist Financial lowered their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Robert W. Baird lifted their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus target price of $454.00.

Carlisle Companies Trading Down 0.7%

Shares of NYSE CSL traded down $2.79 during midday trading on Thursday, hitting $379.09. The stock had a trading volume of 265,340 shares, compared to its average volume of 393,842. The company has a fifty day moving average price of $370.07 and a 200 day moving average price of $376.49. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.03 and a beta of 1.06. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-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, topping 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 return on equity of 34.37% and a net margin of 26.22%. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $3.72 EPS. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

About Carlisle Companies

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.