Carlisle Companies Incorporated $CSL Position Lessened by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,019,209 shares of the conglomerate’s stock after selling 12,266 shares during the quarter. Franklin Resources Inc. owned approximately 2.44% of Carlisle Companies worth $326,004,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in shares of Carlisle Companies by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after acquiring an additional 8,701 shares during the period. Citigroup Inc. boosted its stake in Carlisle Companies by 51.8% during the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock valued at $9,321,000 after purchasing an additional 9,673 shares during the period. M&G PLC bought a new position in Carlisle Companies in the 3rd quarter worth about $11,913,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $76,626,000. Finally, SG Americas Securities LLC increased its stake in shares of Carlisle Companies by 744.0% in the fourth quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock valued at $29,162,000 after purchasing an additional 80,368 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

NYSE CSL opened at $338.07 on Tuesday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The firm has a market capitalization of $13.68 billion, a PE ratio of 19.87, a P/E/G ratio of 1.09 and a beta of 0.86. The company’s 50 day simple moving average is $345.63 and its 200 day simple moving average is $349.30. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $3.61 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CSL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price on the stock. Robert W. Baird lifted their target price on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Truist Financial increased their price target on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.