Entropy Technologies LP Reduces Stock Position in Carlisle Companies Incorporated $CSL

Entropy Technologies LP trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,988 shares of the conglomerate’s stock after selling 2,482 shares during the period. Entropy Technologies LP’s holdings in Carlisle Companies were worth $2,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CSL. Brown Advisory Inc. increased its stake in shares of Carlisle Companies by 42.4% in the 4th quarter. Brown Advisory Inc. now owns 23,000 shares of the conglomerate’s stock worth $7,357,000 after acquiring an additional 6,851 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Carlisle Companies by 53.7% during the 4th quarter. Kestra Advisory Services LLC now owns 8,907 shares of the conglomerate’s stock valued at $2,849,000 after purchasing an additional 3,111 shares in the last quarter. Walleye Capital LLC bought a new stake in Carlisle Companies during the 4th quarter valued at about $8,027,000. Quarry LP bought a new stake in Carlisle Companies during the 4th quarter valued at about $36,000. Finally, Bank of Nova Scotia increased its stake in Carlisle Companies by 632.6% during the 4th quarter. Bank of Nova Scotia now owns 16,974 shares of the conglomerate’s stock valued at $5,429,000 after purchasing an additional 14,657 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

CSL opened at $343.93 on Monday. 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 $13.92 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.08 and a beta of 0.86. The company’s 50 day moving average is $346.47 and its 200 day moving average is $350.35. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data 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. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 earnings per share. On average, equities research analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s payout ratio is currently 25.87%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Robert W. Baird raised their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Truist Financial raised their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, Oppenheimer raised their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $405.00.

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.