Boston Common Asset Management LLC Increases Stock Position in Carlisle Companies Incorporated $CSL

Boston Common Asset Management LLC lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 9.4% during the second quarter, HoldingsChannel.com reports. The fund owned 13,952 shares of the conglomerate’s stock after purchasing an additional 1,202 shares during the quarter. Boston Common Asset Management LLC’s holdings in Carlisle Companies were worth $5,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Dagco Inc. purchased a new position in shares of Carlisle Companies during the first quarter worth approximately $27,000. MAI Capital Management grew its position in shares of Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares during the last quarter. CX Institutional purchased a new position in shares of Carlisle Companies during the first quarter worth approximately $49,000. Wayfinding Financial LLC purchased a new position in shares of Carlisle Companies during the first quarter worth approximately $55,000. Finally, Allworth Financial LP grew its position in Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock valued at $58,000 after buying an additional 42 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of a number of analyst reports. Truist Financial lowered their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Saturday, September 27th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Finally, Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $429.17.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $328.25 on Friday. The firm has a market capitalization of $14.03 billion, a P/E ratio of 18.34, a PEG ratio of 1.06 and a beta of 1.00. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company’s fifty day moving average is $368.43 and its two-hundred day moving average is $373.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS 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 return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.24 earnings per share. Analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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

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.