TimesSquare Capital Management LLC Reduces Stake in Carlisle Companies Incorporated (NYSE:CSL)

TimesSquare Capital Management LLC trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,563 shares of the conglomerate's stock after selling 24,420 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.24% of Carlisle Companies worth $48,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CSL. Axxcess Wealth Management LLC bought a new stake in shares of Carlisle Companies during the third quarter worth about $255,000. Covestor Ltd grew its holdings in Carlisle Companies by 19.3% during the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock worth $89,000 after acquiring an additional 32 shares during the last quarter. Atria Investments Inc increased its position in Carlisle Companies by 12.6% in the 3rd quarter. Atria Investments Inc now owns 2,113 shares of the conglomerate's stock valued at $950,000 after acquiring an additional 237 shares during the period. Verdence Capital Advisors LLC acquired a new stake in Carlisle Companies in the third quarter valued at $319,000. Finally, CWA Asset Management Group LLC bought a new position in Carlisle Companies during the 3rd quarter worth $1,553,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Oppenheimer increased 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. Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $475.00.

Carlisle Companies Stock Up 0.5 %

Shares of NYSE:CSL traded up $2.20 during midday trading on Friday, hitting $450.85. 372,897 shares of the company's stock were exchanged, compared to its average volume of 301,445. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 12 month low of $260.73 and a 12 month high of $481.26. The company has a market cap of $20.44 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. The stock has a 50 day moving average price of $437.97 and a 200-day moving average price of $420.29.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $4.68 EPS. The company's quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.36 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies's payout ratio is 14.15%.

Carlisle Companies 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.