Carlisle Companies Incorporated $CSL Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,688 shares of the conglomerate’s stock after selling 28,758 shares during the period. Handelsbanken Fonder AB’s holdings in Carlisle Companies were worth $62,593,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Illinois Municipal Retirement Fund boosted its holdings in shares of Carlisle Companies by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after buying an additional 33 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Carlisle Companies by 1.0% in the 3rd quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock valued at $1,160,000 after buying an additional 34 shares in the last quarter. Nicolet Advisory Services LLC boosted its holdings in shares of Carlisle Companies by 3.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after buying an additional 35 shares in the last quarter. Finally, WCM Investment Management LLC boosted its holdings in shares of Carlisle Companies by 3.7% in the 3rd quarter. WCM Investment Management LLC now owns 1,133 shares of the conglomerate’s stock valued at $378,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSL. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Truist Financial raised their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Oppenheimer raised their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report 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. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and an average price target of $405.00.

Carlisle Companies Stock Up 1.0%

CSL stock opened at $334.18 on Tuesday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The stock has a market capitalization of $13.52 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.04 and a beta of 0.88. 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 fifty day moving average of $346.57 and a 200-day moving average of $347.17.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business earned $3.61 EPS. The business’s revenue was down 4.0% on a year-over-year basis. As a group, analysts expect that Carlisle Companies Incorporated will post 21.21 EPS for the current year.

Carlisle Companies Dividend Announcement

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

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.