Royce & Associates LP Cuts Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Royce & Associates LP lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 28.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,078 shares of the conglomerate's stock after selling 6,700 shares during the period. Royce & Associates LP's holdings in Carlisle Companies were worth $7,681,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies during the third quarter worth $25,000. ORG Partners LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at about $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of Carlisle Companies during the second quarter worth about $39,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

CSL traded down $6.21 on Monday, reaching $439.13. The company had a trading volume of 314,240 shares, compared to its average volume of 324,180. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 1 year low of $269.58 and a 1 year high of $481.26. The stock has a market capitalization of $19.91 billion, a PE ratio of 15.76, a P/E/G ratio of 1.46 and a beta of 0.91. The stock has a 50-day moving average price of $442.46 and a 200-day moving average price of $422.76.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.68 earnings per share. As a group, research analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.91%. Carlisle Companies's payout ratio is 14.15%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CSL shares. Robert W. Baird reduced their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. StockNews.com cut shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Oppenheimer raised their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Truist Financial started coverage on Carlisle Companies in a report on Thursday. They set a "hold" rating and a $460.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and an average target price of $472.00.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.