Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 1,400 Shares of Carlisle Companies Incorporated $CSL

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,800 shares of the conglomerate’s stock after purchasing an additional 1,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carlisle Companies were worth $4,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Carlisle Companies during the second quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies in the second quarter worth about $25,000. GFG Capital LLC bought a new stake in Carlisle Companies during the 2nd quarter worth about $25,000. Hemington Wealth Management boosted its stake in shares of Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 26 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Carlisle Companies by 527.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CSL shares. Vertical Research assumed coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. The Goldman Sachs Group reduced their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Finally, Robert W. Baird cut their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Trading Down 0.5%

NYSE CSL opened at $364.49 on Monday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The firm has a market cap of $15.23 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.13 and a beta of 0.95. The stock’s 50-day moving average is $326.59 and its 200-day moving average is $351.64.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.Carlisle Companies’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.78 EPS. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s payout ratio is currently 24.96%.

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.