Carlisle Companies Incorporated $CSL Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,990 shares of the conglomerate’s stock after selling 2,565 shares during the period. Pictet Asset Management Holding SA owned about 0.82% of Carlisle Companies worth $111,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies during the fourth quarter valued at $27,000. Torren Management LLC purchased a new position in Carlisle Companies during the fourth quarter valued at $33,000. Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies in the 2nd quarter worth about $36,000. Quarry LP acquired a new stake in shares of Carlisle Companies in the fourth quarter worth approximately $36,000. Finally, Rothschild Investment LLC boosted its stake in Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 116 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

CSL stock opened at $388.75 on Monday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86. The business has a fifty day moving average of $350.72 and a two-hundred day moving average of $353.52.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.61 EPS. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Robert W. Baird upped their target price on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday. Truist Financial upped their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $405.00.

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.