Geode Capital Management LLC reduced its position in Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 762,605 shares of the conglomerate’s stock after selling 7,389 shares during the period. Geode Capital Management LLC’s holdings in Carlisle Companies were worth $243,214,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund increased its stake in shares of Carlisle Companies by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after buying an additional 33 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after purchasing an additional 34 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Carlisle Companies by 1.0% in the 3rd quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock valued at $1,160,000 after purchasing an additional 34 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in shares of Carlisle Companies by 3.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after purchasing an additional 35 shares during the last quarter. Finally, WCM Investment Management LLC boosted its stake in shares of Carlisle Companies by 3.7% in the 3rd quarter. WCM Investment Management LLC now owns 1,133 shares of the conglomerate’s stock valued at $378,000 after purchasing an additional 40 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on CSL shares. Truist Financial increased their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. JPMorgan Chase & Co. increased their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Finally, Raymond James Financial initiated coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $405.00.
Carlisle Companies Trading Up 1.4%
NYSE CSL opened at $343.61 on Wednesday. The stock has a 50-day simple moving average of $344.94 and a 200 day simple moving average of $348.12. The company has a market capitalization of $13.91 billion, a PE ratio of 20.20, a P/E/G ratio of 1.07 and a beta of 0.86. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92.
Carlisle Companies (NYSE:CSL – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.61 earnings per share. Research analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current year.
Carlisle Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio is currently 25.87%.
Carlisle Companies Company Profile
Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.
Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.
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