Formuepleje A S Sells 2,714 Shares of Carlisle Companies Incorporated $CSL

Formuepleje A S cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,328 shares of the conglomerate’s stock after selling 2,714 shares during the period. Carlisle Companies makes up about 2.4% of Formuepleje A S’s portfolio, making the stock its 18th biggest holding. Formuepleje A S owned about 0.21% of Carlisle Companies worth $30,590,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in Carlisle Companies by 29,027.9% in the second quarter. California State Teachers Retirement System now owns 20,404,688 shares of the conglomerate’s stock worth $7,401,801,000 after acquiring an additional 20,334,636 shares in the last quarter. BlackRock Inc. purchased a new stake in Carlisle Companies during the second quarter valued at approximately $1,499,602,000. State Street Corp raised its position in Carlisle Companies by 6.9% during the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after purchasing an additional 134,241 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Carlisle Companies by 26.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock valued at $397,561,000 after purchasing an additional 251,614 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Carlisle Companies by 2.6% in the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after purchasing an additional 27,049 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial cut their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. DA Davidson initiated coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They issued a “neutral” rating and a $410.00 price objective on the stock. Weiss Ratings raised shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Finally, Robert W. Baird set a $412.00 target price on Carlisle Companies in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $402.43.

Carlisle Companies Trading Up 0.2%

Shares of CSL opened at $352.98 on Monday. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.10 and a beta of 0.84. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The company has a 50-day moving average of $356.31 and a 200 day moving average of $354.95.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $6.27 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies Incorporated will post 21.27 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is 28.69%.

Carlisle Companies 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.