Entropy Technologies LP Sells 2,482 Shares of Carlisle Companies Incorporated $CSL

Entropy Technologies LP decreased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CSL. BOK Financial Private Wealth Inc. bought a new position in shares of Carlisle Companies in the 4th quarter worth $27,000. Torren Management LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth $33,000. Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies in the 2nd quarter worth $36,000. Quarry LP bought a new position in shares of Carlisle Companies in the 4th quarter worth $36,000. Finally, Rothschild Investment LLC increased its holdings in shares of Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after buying an additional 116 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CSL shares. Raymond James Financial started coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target on the stock. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. 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 research note on Friday, April 24th. 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 research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $343.93 on Monday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. The company has a fifty day moving average of $346.47 and a 200-day moving average of $350.35. 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 (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 EPS. Equities research analysts expect 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 given 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 dividend payout ratio is presently 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.