Royce & Associates LP Has $7.68 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Royce & Associates LP reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,078 shares of the conglomerate’s stock after selling 6,700 shares during the quarter. Royce & Associates LP’s holdings in Carlisle Companies were worth $7,681,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. TD Asset Management Inc raised its position in shares of Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after buying an additional 268,685 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $65,041,000. Swedbank AB bought a new stake in shares of Carlisle Companies in the 1st quarter worth approximately $31,218,000. Shellback Capital LP grew its holdings in shares of Carlisle Companies by 451.9% during the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock worth $32,465,000 after purchasing an additional 65,600 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Carlisle Companies by 109.0% during the second quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock valued at $49,999,000 after purchasing an additional 64,351 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Trading Down 1.2 %

Shares of CSL stock opened at $445.34 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $20.19 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.46 and a beta of 0.91. Carlisle Companies Incorporated has a 12-month low of $269.58 and a 12-month high of $481.26. The firm has a 50-day moving average price of $442.46 and a 200 day moving average price of $422.76.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $4.68 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Research analysts forecast that Carlisle Companies Incorporated will post 20.25 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 Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.90%. Carlisle Companies’s dividend payout ratio is 14.15%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer raised their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial started coverage on Carlisle Companies in a report on Thursday. They set a “hold” rating and a $460.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

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.