Carlisle Companies Incorporated $CSL Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 71.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,291 shares of the conglomerate’s stock after selling 64,879 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Carlisle Companies worth $8,771,000 at the end of the most recent reporting period.

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

Carlisle Companies Stock Performance

NYSE:CSL opened at $388.75 on Friday. The firm’s fifty day simple moving average is $350.72 and its 200 day simple moving average is $353.30. 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 Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.22 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The company 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 firm’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $3.61 earnings per share. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors 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 1.1%. Carlisle Companies’s payout ratio is 25.87%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSL shares. Truist Financial lifted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Robert W. Baird lifted their price target on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday. Finally, Oppenheimer lifted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. 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, 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.