Hsbc Holdings PLC Has $11.43 Million Stock Holdings in Carlisle Companies Incorporated $CSL

Hsbc Holdings PLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,671 shares of the conglomerate’s stock after selling 12,392 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of Carlisle Companies worth $11,432,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in Carlisle Companies by 51.8% during the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after buying an additional 9,673 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Carlisle Companies during the fourth quarter valued at $76,626,000. SG Americas Securities LLC grew its holdings in Carlisle Companies by 744.0% during the 4th quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after acquiring an additional 80,368 shares during the period. Waycross Partners LLC grew its holdings in Carlisle Companies by 35.4% during the 4th quarter. Waycross Partners LLC now owns 54,465 shares of the conglomerate’s stock worth $17,421,000 after acquiring an additional 14,228 shares during the period. Finally, WINTON GROUP Ltd raised its position in shares of Carlisle Companies by 585.0% in the 3rd quarter. WINTON GROUP Ltd now owns 16,440 shares of the conglomerate’s stock worth $5,408,000 after acquiring an additional 14,040 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSL. JPMorgan Chase & Co. boosted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Oppenheimer lifted their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Truist Financial boosted their price target on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Finally, Robert W. Baird raised their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $388.08 on Friday. The business has a 50-day simple moving average of $349.94 and a 200 day simple moving average of $353.05. 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 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.19 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 earnings per share. On average, research analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $1.10 per share. The ex-dividend date was Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.1%. Carlisle Companies’s dividend payout ratio is presently 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.