Hsbc Holdings PLC Decreases Stake in Carlisle Companies Incorporated $CSL

Hsbc Holdings PLC decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 25.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 35,671 shares of the conglomerate’s stock after selling 12,392 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of Carlisle Companies worth $11,432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSL. BOK Financial Private Wealth Inc. purchased a new position in shares of Carlisle Companies in the 4th quarter valued at $27,000. Torren Management LLC acquired a new position in shares of Carlisle Companies during the 4th quarter valued at $33,000. Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies during the 2nd quarter worth $36,000. Quarry LP purchased a new stake in Carlisle Companies during the 4th quarter worth $36,000. Finally, Rothschild Investment LLC increased its holdings 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 purchasing an additional 116 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CSL. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Robert W. Baird increased their target price on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Finally, Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $402.14.

Carlisle Companies Stock Down 3.5%

Shares of Carlisle Companies stock opened at $354.19 on Wednesday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a market capitalization of $14.33 billion, a PE ratio of 20.82, a P/E/G ratio of 1.16 and a beta of 0.85. 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 business has a 50-day moving average of $351.67 and a 200-day moving average of $355.25.

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

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

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.