Intech Investment Management LLC Sells 10,232 Shares of Carlisle Companies Incorporated $CSL

Intech Investment Management LLC lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 25.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,115 shares of the conglomerate’s stock after selling 10,232 shares during the period. Intech Investment Management LLC’s holdings in Carlisle Companies were worth $9,633,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. Bank of New York Mellon Corp grew its holdings in Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after purchasing an additional 558,710 shares during the period. Barclays PLC lifted its position in Carlisle Companies by 947.3% during the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after acquiring an additional 451,662 shares during the last quarter. Sands Capital Management LLC lifted its position in Carlisle Companies by 99.2% during the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after acquiring an additional 423,141 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Carlisle Companies by 10,568.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after acquiring an additional 385,550 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Carlisle Companies during the fourth quarter worth approximately $76,626,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.7%

NYSE CSL opened at $344.99 on Friday. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a 50 day moving average of $344.83 and a 200-day moving average of $347.77. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.08 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business earned $3.61 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, May 18th. Carlisle Companies’s payout ratio is presently 25.87%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CSL shares. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Truist Financial raised their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $405.00.

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.