Carlisle Companies Incorporated $CSL Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 25.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 35,671 shares of the conglomerate’s stock after selling 12,392 shares during the period. Hsbc Holdings PLC’s holdings in Carlisle Companies were worth $11,432,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of Carlisle Companies by 3.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,637 shares of the conglomerate’s stock valued at $1,163,000 after acquiring an additional 124 shares in the last quarter. SHP Wealth Management acquired a new position in Carlisle Companies in the fourth quarter worth $52,000. Employees Provident Fund Board acquired a new position in Carlisle Companies in the fourth quarter worth $16,793,000. Caitong International Asset Management Co. Ltd increased its stake in Carlisle Companies by 231.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the conglomerate’s stock valued at $179,000 after purchasing an additional 391 shares during the last quarter. Finally, MidFirst Bank bought a new stake in Carlisle Companies during the fourth quarter valued at $148,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL stock opened at $354.19 on Wednesday. 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 $14.33 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.16 and a beta of 0.85. 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 stock’s fifty day moving average is $351.67 and its two-hundred day moving average is $355.25.

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

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $1.10 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Oppenheimer increased their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird raised their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $402.14.

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.