Mutual of America Capital Management LLC Sells 1,516 Shares of Carlisle Companies Incorporated $CSL

Mutual of America Capital Management LLC cut its position in Carlisle Companies Incorporated (NYSE:CSL) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,464 shares of the conglomerate’s stock after selling 1,516 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Carlisle Companies were worth $10,679,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSL. JPMorgan Chase & Co. lifted its position in 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 last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after purchasing an additional 130,235 shares in the last quarter. Bessemer Group Inc. grew its stake in Carlisle Companies by 26.7% during the 2nd 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 last quarter. First Trust Advisors LP increased its position in Carlisle Companies by 6.7% during the 2nd 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 raised its stake in Carlisle Companies by 27.0% in the second quarter. Bank of New York Mellon Corp now owns 490,329 shares of the conglomerate’s stock valued at $183,089,000 after buying an additional 104,108 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Vertical Research began coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating on the stock. 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 report on Monday, October 13th. Robert W. Baird dropped their price objective on shares of 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 reduced their target price 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 research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies Trading Up 0.4%

Shares of Carlisle Companies stock opened at $350.54 on Tuesday. The stock has a market cap of $14.65 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95. The firm has a fifty day moving average price of $331.60 and a 200 day moving average price of $349.58. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year 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.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $5.78 EPS. Equities research 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. Shareholders of record on Friday, November 14th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, November 14th. Carlisle Companies’s dividend payout ratio is currently 24.96%.

About Carlisle Companies

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.