Carlisle Companies Incorporated $CSL Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 25.2% during the second quarter, Holdings Channel.com reports. The fund owned 10,689 shares of the conglomerate’s stock after selling 3,605 shares during the quarter. KBC Group NV’s holdings in Carlisle Companies were worth $3,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSL. EFG Asset Management North America Corp. boosted its position in shares of Carlisle Companies by 11.3% in the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after buying an additional 885 shares during the period. Boston Common Asset Management LLC lifted its stake in Carlisle Companies by 9.4% in the 2nd quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock worth $5,210,000 after acquiring an additional 1,202 shares in the last quarter. Andra AP fonden boosted its position in Carlisle Companies by 1,207.7% during the 2nd quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock worth $10,249,000 after acquiring an additional 25,350 shares during the period. Blair William & Co. IL purchased a new position in Carlisle Companies during the 2nd quarter valued at about $223,000. Finally, Strs Ohio purchased a new position in Carlisle Companies during the 1st quarter valued at about $17,025,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on CSL shares. Oppenheimer decreased their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Vertical Research started coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Carlisle Companies in a report on Thursday, October 30th. Truist Financial cut their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Finally, Robert W. Baird lowered their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $307.17 on Friday. The business’s 50-day simple moving average is $334.20 and its 200-day simple moving average is $368.77. 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 Incorporated has a 52 week low of $305.37 and a 52 week high of $472.66. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business earned $5.78 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.96%.

About Carlisle Companies

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.