Segall Bryant & Hamill LLC Has $17.71 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Segall Bryant & Hamill LLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 8.2% in the third quarter, Holdings Channel reports. The firm owned 39,377 shares of the conglomerate’s stock after selling 3,511 shares during the period. Segall Bryant & Hamill LLC’s holdings in Carlisle Companies were worth $17,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of CSL. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $25,000. ORG Partners LLC purchased a new position in shares of Carlisle Companies in the second quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carlisle Companies during the second quarter valued at approximately $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies during the third quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in Carlisle Companies in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL opened at $431.86 on Thursday. Carlisle Companies Incorporated has a 1 year low of $271.58 and a 1 year high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $444.74 and its 200-day simple moving average is $423.39. The stock has a market cap of $19.58 billion, a PE ratio of 15.28, a P/E/G ratio of 1.47 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business posted $4.68 EPS. Carlisle Companies’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current 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 dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.93%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CSL shares. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer boosted their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial began coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Finally, Robert W. Baird lowered their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

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.