Carlisle Companies Incorporated $CSL Stock Holdings Lowered by Franklin Resources Inc.

Franklin Resources Inc. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,019,209 shares of the conglomerate’s stock after selling 12,266 shares during the period. Franklin Resources Inc.’s holdings in Carlisle Companies were worth $326,004,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in shares of Carlisle Companies by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after buying an additional 8,701 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Carlisle Companies by 51.8% during the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after acquiring an additional 9,673 shares in the last quarter. M&G PLC acquired a new position in shares of Carlisle Companies in the 3rd quarter worth $11,913,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Carlisle Companies in the 4th quarter worth $76,626,000. Finally, SG Americas Securities LLC raised its position in shares of Carlisle Companies by 744.0% during the fourth quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after purchasing an additional 80,368 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSL. JPMorgan Chase & Co. increased their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Truist Financial lifted their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Down 2.3%

NYSE:CSL opened at $338.07 on Tuesday. The business’s fifty day moving average price is $345.63 and its 200 day moving average price is $349.30. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.09 and a beta of 0.86. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company posted $3.61 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 21.18 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

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.