Millennium Management LLC Cuts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Millennium Management LLC lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 24.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 89,280 shares of the conglomerate’s stock after selling 28,193 shares during the quarter. Millennium Management LLC owned 0.20% of Carlisle Companies worth $32,930,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new position in Carlisle Companies in the fourth quarter worth approximately $208,095,000. Wells Fargo & Company MN lifted its position in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock worth $227,527,000 after purchasing an additional 538,990 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter worth $148,208,000. Inlight Wealth Management LLC acquired a new position in shares of Carlisle Companies during the fourth quarter worth $118,038,000. Finally, TOMS Capital Investment Management LP purchased a new position in Carlisle Companies in the fourth quarter valued at $54,219,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 2.0%

Carlisle Companies stock opened at $408.73 on Monday. The company has a market capitalization of $17.68 billion, a P/E ratio of 14.79, a PEG ratio of 1.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The stock has a 50-day simple moving average of $357.82 and a 200-day simple moving average of $380.63.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.72 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 0.98%. Carlisle Companies’s dividend payout ratio (DPR) is 14.89%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSL. Truist Financial decreased their price target on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, April 24th. StockNews.com upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Finally, Robert W. Baird raised their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average price target of $454.00.

About Carlisle Companies

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.