Carlisle Companies Incorporated $CSL Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,954 shares of the conglomerate’s stock after selling 4,472 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of Carlisle Companies worth $23,012,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in Carlisle Companies by 20.8% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 4,517 shares of the conglomerate’s stock worth $1,486,000 after acquiring an additional 779 shares during the last quarter. Wendell David Associates Inc. purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at $290,000. Strs Ohio lifted its holdings in shares of Carlisle Companies by 1.8% during the 3rd quarter. Strs Ohio now owns 56,025 shares of the conglomerate’s stock valued at $18,430,000 after acquiring an additional 1,000 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in Carlisle Companies during the 3rd quarter worth $4,149,000. Finally, Root Financial Partners LLC purchased a new stake in Carlisle Companies during the 3rd quarter worth $38,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on CSL shares. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Truist Financial reduced their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Vertical Research assumed coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased 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 investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Price Performance

CSL opened at $350.54 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a 50-day moving average of $331.60 and a 200-day moving average of $349.58. The company has a market capitalization of $14.65 billion, a P/E ratio of 19.88, a PEG ratio of 1.09 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 EPS for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $5.78 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s payout ratio is currently 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.