Mutual of America Capital Management LLC Cuts Stock Holdings in Carlisle Companies Incorporated $CSL

Mutual of America Capital Management LLC lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,464 shares of the conglomerate’s stock after selling 1,516 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Carlisle Companies worth $10,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of Carlisle Companies by 36.9% in the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Carlisle Companies by 67.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,027 shares of the conglomerate’s stock worth $384,000 after buying an additional 414 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Carlisle Companies by 3.8% in the 2nd quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate’s stock worth $310,000 after buying an additional 30 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Carlisle Companies by 10.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,221 shares of the conglomerate’s stock valued at $456,000 after buying an additional 118 shares in the last quarter. Finally, Kathmere Capital Management LLC bought a new position in shares of Carlisle Companies in the 2nd quarter valued at about $471,000. 89.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Oppenheimer decreased their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Vertical Research started coverage on Carlisle Companies in a report on Monday, October 20th. They set a “hold” rating on the stock. JPMorgan Chase & Co. dropped their price objective 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. Truist Financial reduced their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Trading Up 0.4%

Shares of NYSE CSL opened at $350.54 on Tuesday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The business has a fifty day simple moving average of $331.60 and a two-hundred day simple moving average of $349.58. The firm has a market cap of $14.65 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.78 earnings per share. Analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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