Carlisle Companies Incorporated $CSL Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,257 shares of the conglomerate’s stock after selling 22,962 shares during the quarter. TD Asset Management Inc’s holdings in Carlisle Companies were worth $56,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after acquiring an additional 27,049 shares during the period. Sands Capital Management LLC lifted its position in Carlisle Companies by 99.2% during the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after acquiring an additional 423,141 shares during the period. First Eagle Investment Management LLC lifted its position in Carlisle Companies by 20.4% during the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after acquiring an additional 109,410 shares during the period. Barclays PLC lifted its position in Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after acquiring an additional 451,662 shares during the period. Finally, Cooke & Bieler LP lifted its position in Carlisle Companies by 19.2% during the 4th quarter. Cooke & Bieler LP now owns 444,390 shares of the conglomerate’s stock worth $142,143,000 after acquiring an additional 71,613 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CSL. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. raised their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Finally, Truist Financial raised their price target on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Carlisle Companies has an average rating of “Hold” and an average price target of $405.00.

Carlisle Companies Stock Up 1.0%

CSL opened at $346.01 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The business has a 50 day simple moving average of $345.53 and a 200-day simple moving average of $348.71. The stock has a market capitalization of $14.00 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.08 and a beta of 0.86. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $3.61 EPS. Carlisle Companies’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.