Tredje AP fonden Sells 67,210 Shares of Carlisle Companies Incorporated $CSL

Tredje AP fonden reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 92.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,152 shares of the conglomerate’s stock after selling 67,210 shares during the period. Tredje AP fonden’s holdings in Carlisle Companies were worth $1,648,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after acquiring an additional 27,049 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Carlisle Companies by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after acquiring an additional 558,710 shares during the last quarter. Sands Capital Management LLC lifted its holdings in shares of Carlisle Companies by 99.2% during the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after acquiring an additional 423,141 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Carlisle Companies by 2.5% during the 3rd quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock worth $215,582,000 after acquiring an additional 15,834 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Carlisle Companies by 20.4% during the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after acquiring an additional 109,410 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $328.53 on Thursday. 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. The company’s 50-day moving average is $345.50 and its 200 day moving average is $347.16. The stock has a market capitalization of $13.30 billion, a P/E ratio of 19.31, a P/E/G ratio of 1.03 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company earned $3.61 earnings per share. Carlisle Companies’s quarterly revenue was down 4.0% on a year-over-year basis. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is currently 25.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Truist Financial lifted their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.