Daiwa Securities Group Inc. Lowers Holdings in Carlisle Companies Incorporated $CSL

Daiwa Securities Group Inc. cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 31.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,840 shares of the conglomerate’s stock after selling 3,080 shares during the period. Daiwa Securities Group Inc.’s holdings in Carlisle Companies were worth $2,188,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies in the 4th quarter worth approximately $27,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies in the 2nd quarter worth approximately $36,000. Torren Management LLC purchased a new position in Carlisle Companies in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. lifted its holdings in Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 34 shares in the last quarter. Finally, Rothschild Investment LLC lifted its holdings in Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 116 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSL. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Truist Financial lifted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial began coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Finally, Robert W. Baird lifted their price objective on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $405.00.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $348.12 on Wednesday. The stock’s fifty day moving average is $346.08 and its two-hundred day moving average is $349.61. The company has a market capitalization of $14.09 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.06 and a beta of 0.86. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.61 EPS. As a group, analysts expect that Carlisle Companies Incorporated will post 21.18 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio is 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.