Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 90.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the conglomerate’s stock after selling 4,920 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Carlisle Companies were worth $160,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CSL. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies during the fourth quarter worth $27,000. Torren Management LLC acquired a new stake in Carlisle Companies during the fourth quarter worth $33,000. Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies during the second quarter worth $36,000. SBI Securities Co. Ltd. boosted its stake in Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after buying an additional 34 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in shares of Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently commented on CSL. Truist Financial boosted their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Oppenheimer boosted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $405.00.
Carlisle Companies Stock Performance
Shares of NYSE:CSL opened at $346.01 on Friday. The stock has a market capitalization of $14.00 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.08 and a beta of 0.86. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average price of $345.53 and a two-hundred day moving average price of $348.71.
Carlisle Companies (NYSE:CSL – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.61 EPS. Equities analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.
Carlisle Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s payout ratio is currently 25.87%.
About Carlisle Companies
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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