Carlisle Companies Incorporated $CSL Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its position in Carlisle Companies Incorporated (NYSE:CSL) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,057 shares of the conglomerate’s stock after selling 6,959 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Carlisle Companies worth $47,443,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Boston Common Asset Management LLC boosted its stake in shares of Carlisle Companies by 9.4% in the second quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock valued at $5,210,000 after purchasing an additional 1,202 shares during the period. EFG Asset Management North America Corp. grew its holdings in shares of Carlisle Companies by 11.3% in the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after purchasing an additional 885 shares in the last quarter. Andra AP fonden increased its stake in Carlisle Companies by 1,207.7% during the 2nd quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock worth $10,249,000 after buying an additional 25,350 shares during the period. Blair William & Co. IL acquired a new stake in Carlisle Companies during the 2nd quarter worth approximately $223,000. Finally, Sierra Legacy Group purchased a new position in Carlisle Companies in the 2nd quarter valued at approximately $764,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 1.4%

Carlisle Companies stock opened at $305.10 on Tuesday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $472.66. 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 stock has a market cap of $12.75 billion, a PE ratio of 17.31, a P/E/G ratio of 1.12 and a beta of 1.00. The stock’s fifty day moving average is $325.22 and its two-hundred day moving average is $365.18.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm posted $5.78 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on CSL. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group lowered their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Truist Financial cut their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. decreased their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Vertical Research assumed coverage on Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating for the company. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.