Mercer Global Advisors Inc. ADV Sells 2,686 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Posted by Defense World Staff on May 15th, 2023

Mercer Global Advisors Inc. ADV decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,454 shares of the conglomerate’s stock after selling 2,686 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Carlisle Companies were worth $3,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hanseatic Management Services Inc. purchased a new position in shares of Carlisle Companies during the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. purchased a new position in shares of Carlisle Companies during the third quarter valued at approximately $36,000. Belpointe Asset Management LLC purchased a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $50,000. Ellevest Inc. boosted its position in shares of Carlisle Companies by 25.7% during the third quarter. Ellevest Inc. now owns 259 shares of the conglomerate’s stock valued at $73,000 after buying an additional 53 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Carlisle Companies by 71.8% during the third quarter. Signaturefd LLC now owns 292 shares of the conglomerate’s stock valued at $82,000 after buying an additional 122 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Loop Capital cut their target price on Carlisle Companies from $300.00 to $285.00 in a research report on Friday, April 28th. Robert W. Baird cut their price objective on Carlisle Companies from $320.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, April 14th. Credit Suisse Group cut their price objective on Carlisle Companies from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 11th. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Friday, March 24th. Finally, Wells Fargo & Company boosted their price objective on Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $306.67.

Carlisle Companies Stock Up 1.2 %

Shares of NYSE CSL opened at $210.07 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.31 and a quick ratio of 1.47. Carlisle Companies Incorporated has a one year low of $203.65 and a one year high of $318.71. The stock has a market capitalization of $10.71 billion, a PE ratio of 13.25, a P/E/G ratio of 0.68 and a beta of 0.91. The business’s fifty day moving average price is $220.39 and its 200-day moving average price is $237.60.

Carlisle Companies (NYSE:CSL – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The conglomerate reported $2.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.05). Carlisle Companies had a net margin of 13.26% and a return on equity of 32.04%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $4.26 earnings per share. The business’s revenue for the quarter was down 21.2% compared to the same quarter last year. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 18.39 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 17th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. Carlisle Companies’s payout ratio is currently 18.93%.

Carlisle Companies Company Profile

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Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT).