Royce & Associates LP Sells 6,700 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Royce & Associates LP lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.2% in the third quarter, HoldingsChannel reports. The fund owned 17,078 shares of the conglomerate’s stock after selling 6,700 shares during the period. Royce & Associates LP’s holdings in Carlisle Companies were worth $7,681,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its holdings in Carlisle Companies by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock worth $26,631,000 after purchasing an additional 4,692 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $608,000. Price T Rowe Associates Inc. MD raised its stake in shares of Carlisle Companies by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock worth $17,391,000 after buying an additional 1,429 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in Carlisle Companies by 44.6% in the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock valued at $22,971,000 after buying an additional 17,472 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Carlisle Companies by 188.0% in the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock valued at $3,235,000 after acquiring an additional 5,389 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of analyst reports. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird decreased 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. Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday. They issued a “hold” rating and a $460.00 price target on the stock. Finally, Oppenheimer boosted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $472.00.

Carlisle Companies Trading Down 1.2 %

NYSE CSL opened at $445.34 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock’s 50-day moving average is $442.46 and its 200-day moving average is $422.76. Carlisle Companies Incorporated has a one year low of $269.58 and a one year high of $481.26. The firm has a market cap 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 (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $4.68 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

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.