Carlisle Companies Incorporated $CSL Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 188.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,738 shares of the conglomerate’s stock after acquiring an additional 2,442 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Carlisle Companies were worth $1,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CSL. Allspring Global Investments Holdings LLC grew its position in Carlisle Companies by 11.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after buying an additional 130,235 shares during the period. Madison Asset Management LLC grew its position in Carlisle Companies by 28.2% during the first quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after buying an additional 113,312 shares during the period. Bessemer Group Inc. grew its position in Carlisle Companies by 8.4% during the first quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock worth $171,880,000 after buying an additional 39,329 shares during the period. Dimensional Fund Advisors LP grew its position in Carlisle Companies by 11.3% during the first quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock worth $170,017,000 after buying an additional 50,578 shares during the period. Finally, Northern Trust Corp grew its position in Carlisle Companies by 1.4% during the first quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock worth $168,737,000 after buying an additional 6,948 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CSL shares. Robert W. Baird lowered their target price on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Truist Financial lowered their target price 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. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. decreased their target price 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. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $403.33.

Carlisle Companies Trading Up 1.4%

NYSE CSL opened at $323.56 on Friday. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $474.73. The company has a 50-day simple moving average of $358.28 and a 200-day simple moving average of $371.57. 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 firm has a market capitalization of $13.83 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business earned $6.24 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s payout ratio is 24.58%.

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.