Lansforsakringar Fondforvaltning AB publ Increases Stake in Carlisle Companies Incorporated $CSL

Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,110 shares of the conglomerate’s stock after acquiring an additional 1,323 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Carlisle Companies were worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CSL. JPMorgan Chase & Co. lifted its position in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after purchasing an additional 358,241 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after buying an additional 558,710 shares during the period. Bessemer Group Inc. lifted its position in shares of Carlisle Companies by 2.5% during the 3rd quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock valued at $215,582,000 after buying an additional 15,834 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Carlisle Companies by 6.7% during the 2nd quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock valued at $200,000,000 after acquiring an additional 33,552 shares during the period. Finally, Sands Capital Management LLC purchased a new stake in Carlisle Companies in the 2nd quarter worth approximately $159,203,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $407.88 on Wednesday. The company has a market cap of $16.67 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.27 and a beta of 0.94. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. The firm’s fifty day moving average is $361.41 and its two-hundred day moving average is $348.62.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating the consensus estimate of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $4.47 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several analyst reports. Truist Financial lowered their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, William Blair assumed coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $392.50.

Insider Transactions at Carlisle Companies

In related news, insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the sale, the insider owned 8,540 shares in the company, valued at approximately $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the sale, the vice president directly owned 3,697 shares in the company, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 68,289 shares of company stock worth $28,125,467. 1.40% of the stock is owned by insiders.

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.