Livforsakringsbolaget Skandia Omsesidigt Sells 4,920 Shares of Carlisle Companies Incorporated $CSL

by · The Markets Daily

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 90.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 500 shares of the conglomerate’s stock after selling 4,920 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Carlisle Companies were worth $160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Carlisle Companies by 2.6% in the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after acquiring an additional 27,049 shares during the last quarter. Sands Capital Management LLC increased its stake in shares of Carlisle Companies by 99.2% in the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after acquiring an additional 423,141 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Carlisle Companies by 20.4% in the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after acquiring an additional 109,410 shares during the last quarter. Barclays PLC increased its stake in shares of Carlisle Companies by 947.3% in the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after acquiring an additional 451,662 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in shares of Carlisle Companies by 19.2% in the 4th quarter. Cooke & Bieler LP now owns 444,390 shares of the conglomerate’s stock valued at $142,143,000 after acquiring an additional 71,613 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL opened at $346.01 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The stock has a 50 day simple moving average of $345.53 and a 200 day simple moving average of $348.71. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The firm has a market capitalization of $14.00 billion, a PE ratio of 20.34, a P/E/G ratio of 1.08 and a beta of 0.86.

Carlisle Companies (NYSE:CSL – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm earned $3.61 EPS. Carlisle Companies’s quarterly revenue was down 4.0% compared to the same quarter last year. Sell-side analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were given a $1.10 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is currently 25.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSL. Robert W. Baird upped their price target on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Finally, Truist Financial boosted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and an average target price of $405.00.

Check Out Our Latest Report on CSL

Carlisle Companies Profile

(Free Report)

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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