Forsta AP Fonden Lowers Stock Position in Carlisle Companies Incorporated $CSL

Forsta AP Fonden cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 70.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,520 shares of the conglomerate’s stock after selling 20,580 shares during the quarter. Forsta AP Fonden’s holdings in Carlisle Companies were worth $2,725,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CSL. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies during the fourth quarter worth $27,000. Torren Management LLC purchased a new stake in Carlisle Companies during the fourth quarter worth $33,000. Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies during the second quarter worth $36,000. SBI Securities Co. Ltd. boosted its holdings in Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after buying an additional 34 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in Carlisle Companies by 3,866.7% during the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after buying an additional 116 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. JPMorgan Chase & Co. increased their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Oppenheimer increased their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Performance

CSL opened at $343.61 on Wednesday. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.07 and a beta of 0.86. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The firm’s fifty day simple moving average is $344.94 and its two-hundred day simple moving average is $348.12.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.61 earnings per share. Equities analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio is 25.87%.

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.