BI Asset Management Fondsmaeglerselskab A S Sells 14,314 Shares of Carlisle Companies Incorporated $CSL

BI Asset Management Fondsmaeglerselskab A S reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 27.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,239 shares of the conglomerate’s stock after selling 14,314 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carlisle Companies were worth $12,231,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Carlisle Companies by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after acquiring an additional 8,701 shares during the period. Citigroup Inc. boosted its position in shares of Carlisle Companies by 51.8% in the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock valued at $9,321,000 after acquiring an additional 9,673 shares during the period. M&G PLC bought a new position in shares of Carlisle Companies in the third quarter valued at approximately $11,913,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $76,626,000. Finally, SG Americas Securities LLC boosted its position in shares of Carlisle Companies by 744.0% in the fourth quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock valued at $29,162,000 after acquiring an additional 80,368 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Up 1.0%

Shares of CSL opened at $346.01 on Friday. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.09 and a beta of 0.86. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The firm has a 50 day moving average price of $345.53 and a 200-day moving average price of $348.71.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.61 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.18 earnings per share for the current year.

Carlisle Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

CSL has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Oppenheimer lifted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Raymond James Financial started coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Finally, William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and a consensus target price of $405.00.

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.