Atom Investors LP Sells 12,575 Shares of Carlisle Companies Incorporated $CSL

Atom Investors LP decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 38.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,483 shares of the conglomerate’s stock after selling 12,575 shares during the period. Atom Investors LP’s holdings in Carlisle Companies were worth $6,552,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in Carlisle Companies by 6.9% in the 4th quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after purchasing an additional 134,241 shares in the last quarter. Invesco Ltd. boosted its stake in Carlisle Companies by 2.6% in the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after purchasing an additional 27,049 shares in the last quarter. Sands Capital Management LLC boosted its stake in Carlisle Companies by 13.9% in the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after purchasing an additional 118,139 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Carlisle Companies by 20.4% during the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after acquiring an additional 109,410 shares during the period. Finally, Barclays PLC lifted its stake in Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after acquiring an additional 451,662 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Oppenheimer upped their target price 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. Finally, Truist Financial upped their target price 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. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Carlisle Companies has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Trading Up 0.9%

Carlisle Companies stock opened at $356.77 on Wednesday. The firm has a 50 day moving average of $347.43 and a 200 day moving average of $350.89. The firm has a market capitalization of $14.44 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.11 and a beta of 0.86. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last released its 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 company 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 firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.61 EPS. As a group, research analysts predict that Carlisle Companies Incorporated will post 21.16 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 issued a $1.10 dividend. 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 dividend payout ratio is currently 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.