O Shaughnessy Asset Management LLC Trims Stock Holdings in Carlisle Companies Incorporated $CSL

O Shaughnessy Asset Management LLC trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,447 shares of the conglomerate’s stock after selling 35,181 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Carlisle Companies were worth $30,210,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Carlisle Companies in the 4th quarter valued at about $63,000. XML Financial LLC grew its holdings in shares of Carlisle Companies by 4.0% during the fourth quarter. XML Financial LLC now owns 1,695 shares of the conglomerate’s stock worth $542,000 after purchasing an additional 65 shares in the last quarter. Havemeyer Place LP bought a new position in shares of Carlisle Companies in the fourth quarter worth approximately $603,000. Pinebridge Investments LLC purchased a new stake in Carlisle Companies in the fourth quarter valued at approximately $757,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Carlisle Companies in the fourth quarter valued at approximately $11,649,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of several research reports. Truist Financial upped their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Finally, Oppenheimer boosted their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Down 2.3%

Shares of NYSE CSL opened at $338.07 on Tuesday. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The firm’s fifty day moving average is $345.63 and its 200 day moving average is $349.30. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.09 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.61 earnings per share. On average, equities research analysts expect that Carlisle Companies Incorporated will post 21.18 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s payout ratio is 25.87%.

Carlisle Companies Company 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.