Skandinaviska Enskilda Banken AB publ Lowers Holdings in Carlisle Companies Incorporated $CSL

Skandinaviska Enskilda Banken AB publ reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 52.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,170 shares of the conglomerate’s stock after selling 14,570 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Carlisle Companies were worth $4,332,000 as of its most recent filing with the SEC.

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

Carlisle Companies Stock Performance

NYSE CSL opened at $408.77 on Friday. The business has a 50 day moving average price of $358.54 and a 200 day moving average price of $348.16. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.62. The company has a market capitalization of $16.71 billion, a P/E ratio of 23.89, a PEG ratio of 1.29 and a beta of 0.94. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $4.47 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced 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 25.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CSL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Truist Financial dropped their price objective on 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. cut their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Robert W. Baird set a $420.00 target price on Carlisle Companies in a report on Wednesday, February 4th. Finally, William Blair assumed coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $392.50.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 3,697 shares of the company’s stock, valued at $1,530,742.85. This trade represents a 32.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the transaction, the chief financial officer owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 68,289 shares of company stock worth $28,125,467. 1.50% of the stock is currently owned by insiders.

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.