Legal & General Group Plc Trims Position in Carlisle Companies Incorporated $CSL

Legal & General Group Plc lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,838 shares of the conglomerate’s stock after selling 2,490 shares during the quarter. Legal & General Group Plc owned about 0.38% of Carlisle Companies worth $50,486,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CSL. Goldman Sachs Group Inc. grew its holdings in Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after buying an additional 28,414 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Carlisle Companies by 8.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock valued at $952,000 after buying an additional 197 shares in the last quarter. Jump Financial LLC purchased a new position in Carlisle Companies during the 2nd quarter valued at about $1,345,000. Bank of Nova Scotia grew its holdings in Carlisle Companies by 118.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after buying an additional 893 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Carlisle Companies by 40.0% during the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock valued at $43,088,000 after buying an additional 32,996 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CSL shares. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Robert W. Baird lifted their price target 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, JPMorgan Chase & Co. lifted their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Five research 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 stock currently has a consensus rating of “Hold” and an average price target of $405.00.

Carlisle Companies Stock Performance

NYSE:CSL opened at $344.99 on Friday. The business has a 50 day moving average of $344.83 and a 200 day moving average of $347.77. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.08 and a beta of 0.88. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The company 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%.Carlisle Companies’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.61 EPS. On average, sell-side analysts predict 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 will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a $1.10 dividend. The ex-dividend date is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s payout ratio is presently 25.87%.

Carlisle Companies Company 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.