DekaBank Deutsche Girozentrale Reduces Stock Holdings in Carlisle Companies Incorporated $CSL

DekaBank Deutsche Girozentrale lowered its position in Carlisle Companies Incorporated (NYSE:CSL) by 5.4% in the second quarter, HoldingsChannel reports. The firm owned 11,744 shares of the conglomerate’s stock after selling 672 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Carlisle Companies were worth $4,403,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GFG Capital LLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at about $25,000. Hemington Wealth Management lifted its position in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after buying an additional 26 shares during the last quarter. Dagco Inc. acquired a new position in Carlisle Companies in the first quarter valued at about $27,000. Costello Asset Management INC acquired a new position in Carlisle Companies in the second quarter valued at about $34,000. Finally, MAI Capital Management lifted its position in Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Oppenheimer decreased their target price 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. Finally, Vertical Research began coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $390.00.

Carlisle Companies Stock Up 0.3%

Shares of CSL opened at $339.50 on Friday. The stock has a market capitalization of $14.51 billion, a PE ratio of 18.97, a P/E/G ratio of 1.14 and a beta of 1.00. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $472.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company’s 50-day simple moving average is $353.22 and its 200-day simple moving average is $371.76.

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

Carlisle Companies Increases Dividend

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

About Carlisle Companies

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.