Carlisle Companies Incorporated $CSL Position Reduced by Cooke & Bieler LP

Cooke & Bieler LP lessened its position in Carlisle Companies Incorporated (NYSE:CSL) by 28.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,937 shares of the conglomerate’s stock after selling 94,194 shares during the period. Cooke & Bieler LP owned about 0.58% of Carlisle Companies worth $74,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CSL. Fifth Third Wealth Advisors LLC lifted its stake in Carlisle Companies by 1.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock valued at $716,000 after purchasing an additional 29 shares during the last quarter. Boston Common Asset Management LLC grew its holdings in Carlisle Companies by 0.6% during the first quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after purchasing an additional 30 shares during the period. Next Level Private LLC grew its holdings in Carlisle Companies by 0.3% during the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock worth $4,092,000 after purchasing an additional 33 shares during the period. Versant Capital Management Inc increased its position in Carlisle Companies by 71.7% during the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock worth $29,000 after buying an additional 38 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Carlisle Companies by 1.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate’s stock worth $925,000 after buying an additional 41 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $340.12 on Thursday. The firm has a 50-day moving average of $338.09 and a 200-day moving average of $346.97. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The stock has a market cap of $13.51 billion, a PE ratio of 19.51, a P/E/G ratio of 1.07 and a beta of 0.84. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $6.27 EPS. Carlisle Companies’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.18 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.5%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, August 19th. Carlisle Companies’s dividend payout ratio (DPR) is 28.69%.

Analyst Ratings Changes

Several analysts have issued reports on CSL shares. Truist Financial dropped their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings upgraded Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. DA Davidson set a $355.00 target price on Carlisle Companies in a research note on Friday, October 9th. Finally, Robert W. Baird decreased their target price on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating on the stock in a report on Tuesday, October 13th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $394.50.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.