Sei Investments Co. Decreases Position in Carlisle Companies Incorporated $CSL

Key Points

• Sei Investments Co. reduced its stake in Carlisle Companies by 2.4%, now holding 82,400 shares valued at approximately $30.15 million.
• Carlisle Companies recently reported $6.27 EPS, falling short of analyst expectations of $6.67, with a slight year-over-year revenue decline.
• The company announced a quarterly dividend increase from $1.00 to $1.10 per share, implying a 1.1% dividend yield.

Sei Investments Co. cut its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,400 shares of the conglomerate's stock after selling 1,995 shares during the period. Sei Investments Co. owned 0.19% of Carlisle Companies worth $30,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in 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 worth $394,244,000 after buying an additional 49,102 shares during the period. Madison Asset Management LLC boosted its holdings in Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock worth $175,403,000 after buying an additional 113,312 shares during the period. GAMMA Investing LLC boosted its holdings in Carlisle Companies by 38,164.5% in the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after buying an additional 505,680 shares during the period. Bessemer Group Inc. boosted its holdings in Carlisle Companies by 8.4% in the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock worth $171,880,000 after buying an additional 39,329 shares during the period. Finally, Northern Trust Corp boosted its holdings in Carlisle Companies by 20.7% in the 4th quarter. Northern Trust Corp now owns 488,608 shares of the conglomerate's stock worth $180,218,000 after buying an additional 83,652 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CSL has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Robert W. Baird raised their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Truist Financial cut their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Carlisle Companies has an average rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded up $7.79 on Tuesday, hitting $384.74. 97,624 shares of the company traded hands, compared to its average volume of 462,853. The firm's 50-day simple moving average is $386.26 and its 200 day simple moving average is $368.80. 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 company has a market cap of $16.45 billion, a P/E ratio of 21.47, a P/E/G ratio of 1.20 and a beta of 1.05. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

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

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, August 19th. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio is 22.35%.

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.