Formuepleje A S Sells 2,714 Shares of Carlisle Companies Incorporated $CSL

Formuepleje A S trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,328 shares of the conglomerate’s stock after selling 2,714 shares during the period. Carlisle Companies comprises about 2.4% of Formuepleje A S’s portfolio, making the stock its 18th largest position. Formuepleje A S’s holdings in Carlisle Companies were worth $30,590,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. purchased a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $27,000. Signature Equity Partners LLC increased its holdings in Carlisle Companies by 3,133.3% during the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after buying an additional 94 shares during the period. Allied Private Wealth LLC bought a new position in Carlisle Companies in the second quarter worth approximately $33,000. Jones Financial Companies Lllp purchased a new stake in Carlisle Companies during the second quarter worth $33,000. Finally, Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies during the second quarter worth $35,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.2%

NYSE:CSL opened at $352.98 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The company’s fifty day moving average price is $356.31 and its 200-day moving average price is $354.95. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The firm has a market capitalization of $14.02 billion, a P/E ratio of 20.25, a PEG ratio of 1.10 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $6.27 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 21.27 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were issued a $1.25 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Carlisle Companies’s payout ratio is presently 28.69%.

Analysts Set New Price Targets

CSL has been the topic of a number of analyst reports. Robert W. Baird set a $412.00 price target on Carlisle Companies in a report on Thursday, July 30th. Truist Financial decreased their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. DA Davidson began coverage on Carlisle Companies in a research report on Monday, August 24th. They set a “neutral” rating and a $410.00 price objective on the stock. Finally, Weiss Ratings upgraded Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $402.43.

Carlisle Companies 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.