Robeco Schweiz AG Sells 7,902 Shares of Carlisle Companies Incorporated $CSL

Robeco Schweiz AG trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,358 shares of the conglomerate’s stock after selling 7,902 shares during the period. Carlisle Companies accounts for approximately 1.8% of Robeco Schweiz AG’s investment portfolio, making the stock its 14th biggest position. Robeco Schweiz AG owned approximately 0.58% of Carlisle Companies worth $82,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sands Capital Management LLC bought a new position in Carlisle Companies during the second quarter worth $159,203,000. JPMorgan Chase & Co. grew its stake in shares of Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after acquiring an additional 358,241 shares in the last quarter. Norges Bank acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $128,856,000. Leith Wheeler Investment Counsel Ltd. raised its position in Carlisle Companies by 755.3% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock valued at $91,000 after purchasing an additional 214,226 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Carlisle Companies by 464.2% during the second quarter. Lazard Asset Management LLC now owns 180,889 shares of the conglomerate’s stock worth $67,543,000 after purchasing an additional 148,829 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSL. The Goldman Sachs Group decreased their price objective on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Vertical Research began coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating for the company. Oppenheimer dropped their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Truist Financial decreased their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $386.67.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $356.79 on Wednesday. The business has a 50-day simple moving average of $324.06 and a 200 day simple moving average of $352.12. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.11 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $5.78 EPS. Carlisle Companies’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, November 14th. Carlisle Companies’s payout ratio is presently 24.96%.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.