Carlisle Companies Incorporated $CSL Stake Trimmed by Vest Financial LLC

Vest Financial LLC lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 41.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 31,544 shares of the conglomerate’s stock after selling 22,722 shares during the quarter. Vest Financial LLC’s holdings in Carlisle Companies were worth $10,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after acquiring an additional 358,241 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after purchasing an additional 130,235 shares during the period. Bessemer Group Inc. boosted its position in shares of Carlisle Companies by 26.7% in the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after buying an additional 134,718 shares during the period. First Trust Advisors LP grew its holdings in shares of Carlisle Companies by 6.7% during the second quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock valued at $200,000,000 after buying an additional 33,552 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Carlisle Companies by 27.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 490,329 shares of the conglomerate’s stock worth $183,089,000 after acquiring an additional 104,108 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

CSL stock opened at $358.82 on Thursday. The company has a 50 day moving average price of $328.90 and a 200 day moving average price of $351.12. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The stock has a market capitalization of $14.99 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $5.78 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a dividend of $1.10 per share. The ex-dividend date was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Vertical Research initiated coverage on Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Robert W. Baird dropped their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.