Vinva Investment Management Ltd Reduces Stock Position in Carlisle Companies Incorporated $CSL

Vinva Investment Management Ltd lessened its position in Carlisle Companies Incorporated (NYSE:CSL) by 55.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,592 shares of the conglomerate’s stock after selling 3,278 shares during the period. Vinva Investment Management Ltd’s holdings in Carlisle Companies were worth $970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Common Asset Management LLC grew its position in shares of 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 buying an additional 1,202 shares during the last quarter. EFG Asset Management North America Corp. raised its holdings in shares of Carlisle Companies by 11.3% during the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after acquiring an additional 885 shares in the last quarter. Andra AP fonden lifted its stake in Carlisle Companies by 1,207.7% in the second 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 bought a new stake in Carlisle Companies in the second quarter valued at $223,000. Finally, Sierra Legacy Group purchased a new position in Carlisle Companies during the 2nd quarter valued at $764,000. 89.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Truist Financial reduced their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Robert W. Baird lowered their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and an average target price of $386.67.

Carlisle Companies Price Performance

CSL stock opened at $318.07 on Friday. 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 50 day moving average price of $323.70 and a 200-day moving average price of $363.41. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $464.00. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.12 and a beta of 1.00.

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

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Carlisle Companies’s payout ratio is currently 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.