Leith Wheeler Investment Counsel Ltd. Sells 739 Shares of Carlisle Companies Incorporated $CSL

Leith Wheeler Investment Counsel Ltd. decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.6% during the 2nd quarter, Holdings Channel reports. The firm owned 27,625 shares of the conglomerate’s stock after selling 739 shares during the period. Leith Wheeler Investment Counsel Ltd.’s holdings in Carlisle Companies were worth $10,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CSL. EFG Asset Management North America Corp. increased its stake in Carlisle Companies by 11.3% during the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after acquiring an additional 885 shares during the period. Blair William & Co. IL bought a new stake in Carlisle Companies during the second quarter worth about $223,000. Andra AP fonden increased its holdings in Carlisle Companies by 1,207.7% in the 2nd quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock valued at $10,249,000 after buying an additional 25,350 shares during the period. Strs Ohio acquired a new stake in shares of Carlisle Companies during the 1st quarter worth approximately $17,025,000. Finally, Boston Common Asset Management LLC increased its stake in Carlisle Companies by 9.4% in the second quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock valued at $5,210,000 after acquiring an additional 1,202 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CSL. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Carlisle Companies in a report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target 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. The Goldman Sachs Group dropped their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Vertical Research began coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Stock Performance

NYSE:CSL opened at $317.92 on Tuesday. The firm has a market capitalization of $13.28 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.12 and a beta of 1.00. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $472.66. The company has a fifty day moving average of $339.82 and a 200-day moving average of $370.45. 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 (NYSE:CSL) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $5.78 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 1.4%. 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.