KLP Kapitalforvaltning AS Sells 8,800 Shares of Carlisle Companies Incorporated $CSL

KLP Kapitalforvaltning AS lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 36.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,100 shares of the conglomerate’s stock after selling 8,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Carlisle Companies were worth $4,967,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CSL. Jones Financial Companies Lllp grew its position in Carlisle Companies by 462.3% during the 1st quarter. Jones Financial Companies Lllp now owns 4,234 shares of the conglomerate’s stock worth $1,442,000 after acquiring an additional 3,481 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Carlisle Companies by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 381,206 shares of the conglomerate’s stock worth $129,801,000 after purchasing an additional 33,921 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Carlisle Companies by 4.6% in the first quarter. IFM Investors Pty Ltd now owns 11,750 shares of the conglomerate’s stock valued at $4,001,000 after buying an additional 520 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Carlisle Companies by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 339 shares of the conglomerate’s stock valued at $115,000 after buying an additional 84 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. cut their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Vertical Research started coverage on Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group lowered their price objective on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Stock Performance

CSL stock opened at $355.22 on Friday. The stock has a 50-day moving average price of $322.84 and a 200-day moving average price of $352.67. 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 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The firm has a market cap of $14.84 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating the consensus estimate of $5.47 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.78 EPS. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is 24.96%.

Carlisle Companies 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.