12,414 Carlisle Companies Incorporated $CSL Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 409,189 shares of the conglomerate’s stock after selling 12,414 shares during the period. Pictet Asset Management Holding SA owned approximately 1.03% of Carlisle Companies worth $131,832,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter valued at approximately $1,499,602,000. Bank of New York Mellon Corp grew its position in Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after purchasing an additional 251,614 shares during the last quarter. Bessemer Group Inc. grew its position in Carlisle Companies by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock worth $207,078,000 after purchasing an additional 17,847 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Carlisle Companies by 22.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock worth $190,508,000 after purchasing an additional 97,326 shares during the last quarter. Finally, Madison Asset Management LLC acquired a new position in Carlisle Companies during the 2nd quarter valued at approximately $152,865,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $375.63 on Monday. The company’s fifty day moving average price is $339.30 and its 200 day moving average price is $353.22. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $432.91. The company has a market capitalization of $14.52 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.78. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.80 and a current ratio of 2.40.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, beating the consensus estimate of $5.89 by $0.03. Carlisle Companies had a net margin of 13.78% and a return on equity of 51.25%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $5.61 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, research analysts predict that Carlisle Companies Incorporated will post 21.11 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 18th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 18th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is 28.26%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings cut shares of Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. DA Davidson set a $355.00 target price on shares of Carlisle Companies in a research report on Friday, October 9th. Finally, Robert W. Baird set a $410.00 price target on shares of Carlisle Companies in a report on Thursday, October 29th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $395.83.

Carlisle Companies Profile

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally.

Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

Founded in 1917, Carlisle has evolved from its origins in the tire and rubber business into a building-products company.