Forsta AP Fonden Reduces Position in Carlisle Companies Incorporated $CSL

Forsta AP Fonden lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 70.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,520 shares of the conglomerate’s stock after selling 20,580 shares during the period. Forsta AP Fonden’s holdings in Carlisle Companies were worth $2,725,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Invesco Ltd. grew its position in Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after purchasing an additional 27,049 shares during the last quarter. Sands Capital Management LLC grew its position in Carlisle Companies by 99.2% during the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after purchasing an additional 423,141 shares during the last quarter. Bessemer Group Inc. grew its position in Carlisle Companies by 2.5% during the 3rd quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock worth $215,582,000 after purchasing an additional 15,834 shares during the last quarter. First Eagle Investment Management LLC grew its position in Carlisle Companies by 20.4% during the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after purchasing an additional 109,410 shares during the last quarter. Finally, Barclays PLC grew its position in Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after purchasing an additional 451,662 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

CSL has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Truist Financial upped their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Oppenheimer upped 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 investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $405.00.

Carlisle Companies Stock Up 1.4%

CSL stock opened at $343.61 on Wednesday. The firm’s fifty day simple moving average is $344.94 and its 200-day simple moving average is $348.12. The company has a market capitalization of $13.91 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.07 and a beta of 0.86. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The business 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 business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors 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 dividend on an annualized basis and a yield of 1.3%. 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.