Madison Asset Management LLC Sells 21,819 Shares of Carlisle Companies Incorporated $CSL

Madison Asset Management LLC decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 453,813 shares of the conglomerate’s stock after selling 21,819 shares during the quarter. Carlisle Companies accounts for 1.9% of Madison Asset Management LLC’s portfolio, making the stock its 6th largest position. Madison Asset Management LLC’s holdings in Carlisle Companies were worth $151,401,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CSL. First Manhattan CO. LLC. acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at $140,256,000. Northwestern Mutual Wealth Management Co. raised its stake in Carlisle Companies by 10,568.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after purchasing an additional 385,550 shares during the last quarter. Generation Investment Management LLP purchased a new position in Carlisle Companies in the 4th quarter valued at about $109,217,000. Norges Bank purchased a new position in Carlisle Companies in the 4th quarter valued at about $87,543,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after purchasing an additional 251,614 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 5.2%

Shares of CSL opened at $327.51 on Tuesday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company’s fifty day moving average is $347.75 and its two-hundred day moving average is $355.71. The firm has a market cap of $13.25 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74.

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

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Truist Financial lowered their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Finally, Robert W. Baird reduced their target price on Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating on the stock in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $399.29.

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.