Thrivent Financial for Lutherans Lowers Position in Carlisle Companies Incorporated $CSL

Thrivent Financial for Lutherans lowered its position in Carlisle Companies Incorporated (NYSE:CSL) by 41.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,588 shares of the conglomerate’s stock after selling 17,045 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Carlisle Companies worth $8,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. Sands Capital Management LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $159,203,000. JPMorgan Chase & Co. lifted its holdings in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after acquiring an additional 358,241 shares during the period. Norges Bank purchased a new position in Carlisle Companies in the second quarter worth $128,856,000. Leith Wheeler Investment Counsel Ltd. grew its stake 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 purchasing an additional 214,226 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Carlisle Companies by 464.2% in the 2nd quarter. Lazard Asset Management LLC now owns 180,889 shares of the conglomerate’s stock valued at $67,543,000 after purchasing an additional 148,829 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $330.11 on Thursday. The firm has a market cap of $13.80 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.16 and a beta of 0.96. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average is $322.52 and its 200-day moving average is $356.94. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion during 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 40.26%. Carlisle Companies’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $5.78 EPS. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is 24.96%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Oppenheimer cut their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Truist Financial dropped their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. The Goldman Sachs Group decreased their price target 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. Robert W. Baird dropped their price objective on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $386.67.

Carlisle Companies Company 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.