Shell Asset Management Co. Has $4.04 Million Stock Position in Carlisle Companies Incorporated $CSL

Shell Asset Management Co. trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,815 shares of the conglomerate’s stock after selling 381 shares during the quarter. Shell Asset Management Co.’s holdings in Carlisle Companies were worth $4,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CSL. Dagco Inc. bought a new position in Carlisle Companies during the first quarter worth $27,000. MAI Capital Management increased its position in Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares during the period. CX Institutional bought a new position in Carlisle Companies during the first quarter worth $49,000. Wayfinding Financial LLC bought a new position in Carlisle Companies during the first quarter worth $55,000. Finally, Allworth Financial LP increased its position in Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after acquiring an additional 42 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 1.1%

Shares of NYSE:CSL opened at $324.96 on Wednesday. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company’s 50-day moving average price is $364.47 and its two-hundred day moving average price is $372.88. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm has a market cap of $13.89 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.06 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $6.24 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $1.10 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 annualized dividend and a yield of 1.4%. Carlisle Companies’s dividend payout ratio is presently 24.58%.

Analysts Set New Price Targets

CSL has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Saturday, September 27th. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Truist Financial lowered their price target on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, September 22nd. JPMorgan Chase & Co. lowered their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Finally, Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $429.17.

Carlisle Companies Company Profile

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.