Atom Investors LP Trims Holdings in Carlisle Companies Incorporated $CSL

Atom Investors LP trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 38.0% in the 4th quarter, HoldingsChannel reports. The fund owned 20,483 shares of the conglomerate’s stock after selling 12,575 shares during the quarter. Atom Investors LP’s holdings in Carlisle Companies were worth $6,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSL. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies during the 4th quarter valued at approximately $27,000. Torren Management LLC purchased a new stake in Carlisle Companies during the 4th quarter valued at approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies during the 2nd quarter valued at approximately $36,000. Quarry LP purchased a new stake in Carlisle Companies during the 4th quarter valued at approximately $36,000. Finally, Rothschild Investment LLC grew its holdings in 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 buying an additional 116 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 0.9%

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

Carlisle Companies (NYSE:CSL) last posted its 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. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $3.61 EPS. As a group, equities analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed 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 presently 25.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CSL shares. Oppenheimer increased their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Truist Financial increased their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $405.00.

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.