Carlisle Companies Incorporated $CSL Holdings Trimmed by Cooke & Bieler LP

Cooke & Bieler LP decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,937 shares of the conglomerate’s stock after selling 94,194 shares during the period. Cooke & Bieler LP’s holdings in Carlisle Companies were worth $74,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Carlisle Companies by 71.7% in the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 38 shares during the period. Signature Equity Partners LLC grew its stake in shares of Carlisle Companies by 3,133.3% in the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 94 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Carlisle Companies in the second quarter valued at about $33,000. Jones Financial Companies Lllp bought a new position in Carlisle Companies during the second quarter worth about $33,000. Finally, Osterweis Capital Management Inc. bought a new position in Carlisle Companies during the second quarter worth about $35,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $340.12 on Thursday. The stock’s fifty day moving average price is $338.09 and its two-hundred day moving average price is $346.97. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The firm has a market cap of $13.51 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.27 EPS. As a group, research analysts expect that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a $1.25 dividend. The ex-dividend date was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. Carlisle Companies’s dividend payout ratio (DPR) is 28.69%.

Wall Street Analyst Weigh In

CSL has been the subject of several analyst reports. DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a research note on Friday, October 9th. Truist Financial cut their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Robert W. Baird decreased their target price on shares of Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $394.50.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.