Carlisle Companies Incorporated $CSL Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 195,688 shares of the conglomerate’s stock after selling 28,758 shares during the quarter. Handelsbanken Fonder AB owned 0.47% of Carlisle Companies worth $62,593,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bridges Investment Management Inc. lifted its holdings in shares of Carlisle Companies by 221.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after acquiring an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Carlisle Companies by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after acquiring an additional 8,701 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Carlisle Companies by 51.8% in the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after acquiring an additional 9,673 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $540,000. Finally, M&G PLC acquired a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $11,913,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 1.0%

Shares of NYSE:CSL opened at $334.18 on Tuesday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company’s 50 day moving average is $346.57 and its two-hundred day moving average is $347.17. 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 company has a market cap of $13.52 billion, a PE ratio of 19.65, a P/E/G ratio of 1.04 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating 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 company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $3.61 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts predict that Carlisle Companies Incorporated will post 21.21 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on CSL shares. JPMorgan Chase & Co. upped their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Raymond James Financial started coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Truist Financial upped their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $405.00.

Carlisle Companies Company 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.