Carlisle Companies Incorporated $CSL Shares Sold by Barclays PLC

Barclays PLC trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 485,801 shares of the conglomerate’s stock after selling 13,540 shares during the quarter. Barclays PLC’s holdings in Carlisle Companies were worth $155,388,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies in the fourth quarter worth approximately $27,000. Osterweis Capital Management Inc. acquired a new stake in shares of Carlisle Companies during the 2nd quarter valued at $36,000. Torren Management LLC acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at $33,000. Quarry LP acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at $36,000. Finally, Rothschild Investment LLC lifted its position in shares of Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $353.84 on Tuesday. The company’s fifty day moving average is $346.92 and its two-hundred day moving average is $350.61. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The company has a market cap of $14.32 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86.

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

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s payout ratio is 25.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Truist Financial increased their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Robert W. Baird increased their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $405.00.

Carlisle Companies 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.