Geode Capital Management LLC Sells 7,389 Shares of Carlisle Companies Incorporated $CSL

Geode Capital Management LLC lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 762,605 shares of the conglomerate’s stock after selling 7,389 shares during the quarter. Geode Capital Management LLC owned 1.83% of Carlisle Companies worth $243,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. lifted its position in shares of 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 buying an additional 27,049 shares during the period. Sands Capital Management LLC lifted its position in shares of 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 buying an additional 423,141 shares during the period. Bessemer Group Inc. lifted its position in shares of 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 buying an additional 15,834 shares during the period. First Eagle Investment Management LLC lifted its position in shares of 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 buying an additional 109,410 shares during the period. Finally, Barclays PLC lifted its position in shares of 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 buying an additional 451,662 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the subject of several analyst reports. Robert W. Baird raised their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. JPMorgan Chase & Co. raised their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Finally, Oppenheimer raised their price target on 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 issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Trading Up 1.4%

CSL stock opened at $343.61 on Wednesday. The business has a fifty day moving average price of $344.94 and a 200 day moving average price of $348.12. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 20.20, a P/E/G 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 (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm posted $3.61 EPS. The business’s revenue was down 4.0% on a year-over-year basis. Analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

Carlisle Companies Company 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.