Carlisle Companies Incorporated $CSL Stock Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 25.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the conglomerate’s stock after selling 20,000 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Carlisle Companies were worth $19,330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Carlisle Companies in the second quarter worth $1,499,602,000. Bank of New York Mellon Corp bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $405,245,000. Bessemer Group Inc. grew its stake in Carlisle Companies by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock valued at $207,078,000 after buying an additional 17,847 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Carlisle Companies by 22.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock valued at $190,508,000 after buying an additional 97,326 shares during the last quarter. Finally, Madison Asset Management LLC acquired a new position in Carlisle Companies in the 2nd quarter valued at $152,865,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

CSL opened at $350.19 on Wednesday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The business has a 50 day moving average of $336.79 and a 200-day moving average of $352.33.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $6.27 EPS. The company’s revenue was up 8.3% on a year-over-year basis. Equities research analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CSL. DA Davidson set a $355.00 target price on shares of Carlisle Companies in a report on Friday, October 9th. Robert W. Baird decreased their price target on shares of Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Weiss Ratings raised Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Truist Financial dropped their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $394.50.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.