TD Asset Management Inc Has $98.49 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• TD Asset Management Inc increased its stake in Carlisle Companies by 6.1% in the first quarter, owning approximately $98.49 million worth of shares.
• Carlisle Companies reported $3.61 earnings per share for the last quarter, exceeding analysts' expectations of $3.53, while experiencing a net margin of 25.24%.
• The company announced a quarterly dividend of $1.00, resulting in an annualized dividend yield of 0.92% and a payout ratio of 14.89%.

TD Asset Management Inc grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 289,261 shares of the conglomerate's stock after buying an additional 16,612 shares during the period. TD Asset Management Inc owned 0.67% of Carlisle Companies worth $98,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd lifted its stake in shares of Carlisle Companies by 8.6% in the 1st quarter. Mediolanum International Funds Ltd now owns 30,206 shares of the conglomerate's stock worth $10,349,000 after purchasing an additional 2,381 shares during the period. Pacer Advisors Inc. boosted its holdings in Carlisle Companies by 1,611.7% during the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after acquiring an additional 202,425 shares during the period. Cetera Investment Advisers boosted its holdings in Carlisle Companies by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 8,882 shares of the conglomerate's stock valued at $3,024,000 after acquiring an additional 458 shares during the period. One Wealth Advisors LLC increased its position in Carlisle Companies by 57.9% during the 1st quarter. One Wealth Advisors LLC now owns 1,396 shares of the conglomerate's stock valued at $475,000 after purchasing an additional 512 shares during the period. Finally, Advisor OS LLC boosted its position in Carlisle Companies by 73.4% during the 1st quarter. Advisor OS LLC now owns 1,028 shares of the conglomerate's stock valued at $350,000 after acquiring an additional 435 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSL. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Robert W. Baird increased 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. Truist Financial reduced their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $461.67.

Carlisle Companies Stock Down 1.9%

NYSE:CSL traded down $8.28 during trading hours on Monday, hitting $426.83. 391,887 shares of the stock traded hands, compared to its average volume of 452,584. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.31 and a beta of 1.03. The firm has a 50 day moving average price of $388.62 and a 200 day moving average price of $370.37.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

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.