Welch & Forbes LLC Sells 9,191 Shares of Carlisle Companies Incorporated $CSL

Welch & Forbes LLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,526 shares of the conglomerate’s stock after selling 9,191 shares during the quarter. Welch & Forbes LLC owned about 0.31% of Carlisle Companies worth $42,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Guinness Atkinson Asset Management Inc boosted its position in shares of Carlisle Companies by 16.6% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 1,630 shares of the conglomerate’s stock worth $533,000 after purchasing an additional 232 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Carlisle Companies by 2.0% in the 4th quarter. BNP Paribas Financial Markets now owns 16,948 shares of the conglomerate’s stock worth $5,421,000 after purchasing an additional 333 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $480,000. Norges Bank bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $87,543,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $2,009,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

NYSE CSL opened at $344.99 on Friday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.09 and a beta of 0.88. 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’s fifty day moving average price is $344.83 and its 200-day moving average price is $347.77.

Carlisle Companies (NYSE:CSL) last announced 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 business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.61 earnings per share. On average, equities analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CSL. Raymond James Financial began coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Robert W. Baird upped their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $405.00.

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.