Nissay Asset Management Corp Japan ADV Trims Position in Carlisle Companies Incorporated (NYSE:CSL)

Nissay Asset Management Corp Japan ADV lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,850 shares of the conglomerate’s stock after selling 201 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Carlisle Companies were worth $2,176,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC increased its position in Carlisle Companies by 31.3% during the 3rd quarter. Barclays PLC now owns 60,920 shares of the conglomerate’s stock valued at $27,399,000 after purchasing an additional 14,526 shares during the period. Park Avenue Securities LLC purchased a new position in Carlisle Companies during the 4th quarter valued at about $255,000. Ritholtz Wealth Management increased its position in Carlisle Companies by 12.9% during the 4th quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate’s stock valued at $481,000 after purchasing an additional 149 shares during the period. Boston Common Asset Management LLC purchased a new position in Carlisle Companies during the 4th quarter valued at about $3,229,000. Finally, Wedge Capital Management L L P NC grew its position in shares of Carlisle Companies by 11.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 50,640 shares of the conglomerate’s stock worth $18,678,000 after buying an additional 5,111 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 2.0%

CSL stock opened at $408.73 on Friday. The firm has a 50 day moving average of $357.82 and a 200 day moving average of $380.92. The stock has a market capitalization of $17.68 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business posted $3.72 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, May 19th. Carlisle Companies’s dividend payout ratio (DPR) is 14.89%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSL. Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. StockNews.com raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday. Truist Financial cut their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Finally, Robert W. Baird lifted their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus target price of $454.00.

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.