TD Asset Management Inc Sells 23,086 Shares of Carlisle Companies Incorporated $CSL

TD Asset Management Inc cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 8.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 266,175 shares of the conglomerate’s stock after selling 23,086 shares during the period. TD Asset Management Inc’s holdings in Carlisle Companies were worth $99,390,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GFG Capital LLC bought a new stake in Carlisle Companies in the second quarter worth $25,000. Hemington Wealth Management increased its position in shares of Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 26 shares during the period. Dagco Inc. purchased a new position in shares of Carlisle Companies in the first quarter valued at about $27,000. Costello Asset Management INC purchased a new position in shares of Carlisle Companies in the second quarter valued at about $34,000. Finally, MAI Capital Management increased its position in shares of Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after acquiring an additional 34 shares during the period. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Truist Financial decreased their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, September 22nd. The Goldman Sachs Group decreased 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. Finally, Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $403.33.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $329.93 on Wednesday. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $479.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The company’s 50-day moving average is $360.33 and its 200 day moving average is $372.15. The stock has a market capitalization of $14.10 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.08 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $6.24 EPS. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio is currently 24.58%.

Carlisle Companies Company 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.