Hsbc Holdings PLC Sells 12,802 Shares of Carlisle Companies Incorporated $CSL

Hsbc Holdings PLC decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 35.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 22,869 shares of the conglomerate’s stock after selling 12,802 shares during the quarter. Hsbc Holdings PLC’s holdings in Carlisle Companies were worth $7,624,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in Carlisle Companies during the fourth quarter valued at about $27,000. Torren Management LLC acquired a new position in Carlisle Companies in the 4th quarter valued at approximately $33,000. Osterweis Capital Management Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $36,000. Quarry LP bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $36,000. Finally, Rothschild Investment LLC grew its holdings in shares of Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $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.

Carlisle Companies Stock Up 1.2%

Shares of NYSE:CSL opened at $331.58 on Friday. The company’s fifty day moving average is $346.49 and its 200-day moving average is $355.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a market capitalization of $13.42 billion, a PE ratio of 19.49, a P/E/G ratio of 1.04 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company posted $3.61 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts predict that Carlisle Companies Incorporated will post 21.07 earnings per share for the current fiscal 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 paid 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 dividend payout ratio is currently 25.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSL shares. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer raised their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Truist Financial decreased their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Raymond James Financial began coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target on the stock. Finally, Robert W. Baird dropped their price objective on shares of Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating for the company in a research note on Monday. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $399.29.

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.