Robeco Institutional Asset Management B.V. Has $6.42 Million Stake in Carlisle Companies Incorporated $CSL

Robeco Institutional Asset Management B.V. lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 39.4% during the third quarter, HoldingsChannel.com reports. The fund owned 19,522 shares of the conglomerate’s stock after selling 12,707 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Carlisle Companies were worth $6,422,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GFG Capital LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at about $25,000. Hemington Wealth Management increased its holdings in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Carlisle Companies in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $25,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after buying an additional 58 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Carlisle Companies Stock Up 4.5%

Shares of NYSE CSL opened at $355.22 on Friday. The stock has a market capitalization of $14.84 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.06 and a beta of 0.95. The company has a 50-day moving average price of $322.84 and a 200-day moving average price of $352.67. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 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.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, topping 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $5.78 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

About Carlisle Companies

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.