Carlisle Companies Incorporated $CSL Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,382,786 shares of the conglomerate’s stock after selling 152,049 shares during the period. Vanguard Group Inc. owned approximately 10.25% of Carlisle Companies worth $1,636,532,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Leith Wheeler Investment Counsel Ltd. raised its holdings in Carlisle Companies by 755.3% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock valued at $91,000 after buying an additional 214,226 shares during the period. Pacer Advisors Inc. increased its holdings in Carlisle Companies by 1,611.7% in the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock valued at $73,202,000 after purchasing an additional 202,425 shares during the last quarter. Nuveen LLC purchased a new stake in Carlisle Companies in the first quarter valued at approximately $62,485,000. Bessemer Group Inc. lifted its stake in Carlisle Companies by 26.7% during the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after purchasing an additional 134,718 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Carlisle Companies by 11.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after buying an additional 130,235 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSL. Vertical Research began coverage on Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating for the company. Oppenheimer decreased their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Robert W. Baird cut their price target on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Finally, Truist Financial decreased their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $309.70 on Friday. The firm has a market capitalization of $12.94 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.12 and a beta of 1.00. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $472.66. The firm’s 50 day moving average is $326.22 and its two-hundred day moving average is $366.06.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, topping the consensus estimate of $5.47 by $0.14. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. Carlisle Companies’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $5.78 EPS. Carlisle Companies has set its FY 2025 guidance at EPS. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Carlisle Companies 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.