TD Asset Management Inc Trims Stock Holdings in Carlisle Companies Incorporated $CSL

Key Points

• TD Asset Management Inc reduced its holdings in Carlisle Companies by 8.0%, bringing its ownership to 266,175 shares, valued at approximately $99.39 million.
• Carlisle Companies recently reported quarterly earnings of $6.27 per share, missing analysts' expectations, with revenues declining slightly year-over-year.
• The company has increased its quarterly dividend to $1.10 per share, representing a 1.3% yield, up from the previous $1.00 dividend.

TD Asset Management Inc trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,175 shares of the conglomerate's stock after selling 23,086 shares during the period. TD Asset Management Inc owned approximately 0.62% of Carlisle Companies worth $99,390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CSL. GFG Capital LLC purchased a new position in Carlisle Companies in the 2nd quarter valued at approximately $25,000. Hemington Wealth Management grew its stake in Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate's stock valued at $25,000 after buying an additional 26 shares in the last quarter. Dagco Inc. purchased a new position in Carlisle Companies in the 1st quarter valued at approximately $27,000. Costello Asset Management INC purchased a new position in Carlisle Companies in the 2nd quarter valued at approximately $34,000. Finally, MAI Capital Management boosted its holdings in Carlisle Companies by 37.8% in the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock valued at $42,000 after purchasing an additional 34 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE CSL opened at $329.93 on Wednesday. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $479.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company has a market capitalization of $14.10 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.08 and a beta of 1.00. The company has a fifty day moving average of $360.33 and a 200-day moving average of $372.15.

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 (EPS) for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted $6.24 earnings per share. The business's revenue was down .1% on a year-over-year basis. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

Several brokerages have commented on CSL. The Goldman Sachs Group cut their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a "buy" rating for the company in a report on Monday. 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. Zacks Research downgraded shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Carlisle Companies in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $403.33.

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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