Mawer Investment Management Ltd. Reduces Position in Carlisle Companies Incorporated $CSL

Mawer Investment Management Ltd. lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 21.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,517 shares of the conglomerate’s stock after selling 10,478 shares during the period. Mawer Investment Management Ltd.’s holdings in Carlisle Companies were worth $14,756,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Baron Wealth Management LLC boosted its stake in Carlisle Companies by 4.4% during the second quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate’s stock worth $233,000 after buying an additional 26 shares during the period. Hemington Wealth Management boosted its stake in shares of Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after buying an additional 26 shares during the period. Park Avenue Securities LLC lifted its stake in Carlisle Companies by 3.8% in the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate’s stock worth $310,000 after acquiring an additional 30 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in shares of Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock worth $506,000 after purchasing an additional 31 shares in the last quarter. Finally, TFG Advisers LLC increased its holdings in shares of Carlisle Companies by 2.2% in the 2nd quarter. TFG Advisers LLC now owns 1,565 shares of the conglomerate’s stock valued at $584,000 after acquiring an additional 33 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE:CSL opened at $317.92 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $472.66. The firm has a 50-day moving average of $339.82 and a two-hundred day moving average of $370.45. The stock has a market cap of $13.28 billion, a P/E ratio of 18.03, a PEG ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion for 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 39.10%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.78 EPS. Carlisle Companies has set its FY 2025 guidance at EPS. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CSL shares. JPMorgan Chase & Co. dropped their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Truist Financial reduced their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Vertical Research began coverage on Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating on the stock. Finally, Oppenheimer dropped their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and an average target price of $386.67.

Carlisle Companies 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.