Carlisle Companies Incorporated $CSL Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,540 shares of the conglomerate’s stock after selling 9,819 shares during the quarter. Copeland Capital Management LLC’s holdings in Carlisle Companies were worth $31,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Carlisle Companies by 4.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate’s stock valued at $394,244,000 after acquiring an additional 49,102 shares in the last quarter. Madison Asset Management LLC lifted its holdings in shares of Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock valued at $175,403,000 after acquiring an additional 113,312 shares in the last quarter. Bessemer Group Inc. increased its stake in Carlisle Companies by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock worth $171,880,000 after buying an additional 39,329 shares during the period. Dimensional Fund Advisors LP increased its stake in Carlisle Companies by 11.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock worth $170,017,000 after buying an additional 50,578 shares during the period. Finally, Northern Trust Corp increased its stake in Carlisle Companies by 1.4% during the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock worth $168,737,000 after buying an additional 6,948 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CSL. Truist Financial dropped their price target on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday, September 22nd. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. dropped their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Finally, Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned 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 $429.17.

Carlisle Companies Price Performance

CSL opened at $332.14 on Friday. The company has a 50-day moving average of $370.56 and a 200-day moving average of $372.96. The company has a market capitalization of $14.20 billion, a P/E ratio of 18.56, a PEG ratio of 1.07 and a beta of 1.00. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $6.24 EPS. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s payout ratio is presently 24.58%.

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.