Carlisle Companies Incorporated $CSL Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 77,668 shares of the conglomerate’s stock after selling 3,653 shares during the period. Impax Asset Management Group plc owned about 0.18% of Carlisle Companies worth $25,550,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC purchased a new stake in Carlisle Companies in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Carlisle Companies by 527.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. Traub Capital Management LLC purchased a new stake in shares of Carlisle Companies in the 2nd quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSL. Truist Financial lowered their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Oppenheimer reduced their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. JPMorgan Chase & Co. cut their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, William Blair initiated coverage on shares of Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $392.50.

Carlisle Companies Stock Up 3.6%

Shares of Carlisle Companies stock opened at $416.06 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a market capitalization of $17.39 billion, a P/E ratio of 24.32, a P/E/G ratio of 1.27 and a beta of 0.94. The company has a 50 day moving average of $344.97 and a 200 day moving average of $346.32.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.47 EPS. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

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.