Impax Asset Management Group plc Decreases Position in Carlisle Companies Incorporated $CSL

Impax Asset Management Group plc trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 4.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,668 shares of the conglomerate’s stock after selling 3,653 shares during the quarter. Impax Asset Management Group plc’s holdings in Carlisle Companies were worth $25,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Carlisle Companies in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Carlisle Companies by 527.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Carlisle Companies during the second quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in shares of Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Oppenheimer decreased their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research report on Wednesday, February 4th. Vertical Research initiated coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. William Blair assumed coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating for the company. Finally, Truist Financial dropped their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Carlisle Companies has a consensus rating of “Hold” and a consensus price target of $392.50.

Carlisle Companies Stock Up 3.6%

Shares of Carlisle Companies stock opened at $416.06 on Wednesday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a market cap of $17.39 billion, a P/E ratio of 24.32, a PEG ratio of 1.27 and a beta of 0.94. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. The firm has a fifty day moving average of $344.97 and a two-hundred day moving average of $346.32.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.47 earnings per share. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is 25.72%.

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.