Hsbc Holdings PLC Cuts Position in Carlisle Companies Incorporated $CSL

Hsbc Holdings PLC lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 39.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,297 shares of the conglomerate’s stock after selling 17,488 shares during the quarter. Hsbc Holdings PLC owned 0.06% of Carlisle Companies worth $9,827,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GFG Capital LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $25,000. Hemington Wealth Management increased its holdings in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after buying an additional 26 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Finally, Dagco Inc. purchased a new stake in shares of Carlisle Companies during the 1st quarter worth approximately $27,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $320.86 on Thursday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $444.04. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.11 and a beta of 0.96. The stock has a fifty day moving average of $322.77 and a two-hundred day moving average of $361.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $5.78 earnings per share. On average, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.96%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CSL shares. Oppenheimer dropped their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. The Goldman Sachs Group lowered their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus price target of $386.67.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.