Pinebridge Investments L.P. Has $666,000 Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

04 Dec 2023, 13:52 by Danessa Lincoln · The Markets Daily

Pinebridge Investments L.P. cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 72.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,597 shares of the conglomerate’s stock after selling 6,840 shares during the quarter. Pinebridge Investments L.P.’s holdings in Carlisle Companies were worth $666,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Forsta AP Fonden acquired a new position in Carlisle Companies during the second quarter valued at approximately $333,000. Sei Investments Co. lifted its position in shares of Carlisle Companies by 76.0% in the first quarter. Sei Investments Co. now owns 109,974 shares of the conglomerate’s stock valued at $24,862,000 after buying an additional 47,493 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Carlisle Companies by 62.4% in the first quarter. Tower Research Capital LLC TRC now owns 3,680 shares of the conglomerate’s stock valued at $831,000 after buying an additional 1,414 shares during the last quarter. Duality Advisers LP lifted its position in shares of Carlisle Companies by 3.2% in the first quarter. Duality Advisers LP now owns 11,740 shares of the conglomerate’s stock valued at $2,654,000 after buying an additional 360 shares during the last quarter. Finally, Burney Co. lifted its position in shares of Carlisle Companies by 3.3% in the second quarter. Burney Co. now owns 18,595 shares of the conglomerate’s stock valued at $4,770,000 after buying an additional 600 shares during the last quarter. 90.70% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $286.21 on Monday. The stock’s fifty day moving average price is $262.44 and its two-hundred day moving average price is $257.95. Carlisle Companies Incorporated has a one year low of $203.65 and a one year high of $289.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.18 and a quick ratio of 3.73. The firm has a market cap of $13.93 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.29 and a beta of 0.89.

Carlisle Companies (NYSE:CSL – Get Free Report) last posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $4.68 EPS for the quarter, topping analysts’ consensus estimates of $4.57 by $0.11. Carlisle Companies had a return on equity of 27.87% and a net margin of 13.58%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned $5.66 EPS. The company’s revenue was down 15.8% on a year-over-year basis. As a group, research analysts expect that Carlisle Companies Incorporated will post 14.77 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $3.40 dividend on an annualized basis and a yield of 1.19%. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.66%.

Analysts Set New Price Targets

CSL has been the subject of a number of recent analyst reports. Zelman & Associates cut Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Jefferies Financial Group cut Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $325.00 to $290.00 in a research report on Tuesday, September 26th. StockNews.com assumed coverage on Carlisle Companies in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $325.00 target price on shares of Carlisle Companies in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and an average target price of $307.14.

Check Out Our Latest Stock Analysis on Carlisle Companies

About Carlisle Companies

(Free Report)

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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