Hsbc Holdings PLC Sells 12,392 Shares of Carlisle Companies Incorporated $CSL

Hsbc Holdings PLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 25.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,671 shares of the conglomerate’s stock after selling 12,392 shares during the quarter. Hsbc Holdings PLC’s holdings in Carlisle Companies were worth $11,432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CSL. State Street Corp raised its holdings in shares of Carlisle Companies by 6.9% in the 4th quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after purchasing an additional 134,241 shares during the period. Invesco Ltd. increased its position in Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after buying an additional 27,049 shares during the last quarter. Sands Capital Management LLC increased its position in Carlisle Companies by 13.9% in the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after buying an additional 118,139 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Carlisle Companies by 20.4% in the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after buying an additional 109,410 shares during the period. Finally, Barclays PLC lifted its position in shares of Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after buying an additional 451,662 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Truist Financial lifted their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Trading Up 2.5%

Shares of Carlisle Companies stock opened at $388.08 on Friday. The company’s 50-day moving average price is $349.94 and its 200-day moving average price is $353.05. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.19 and a beta of 0.86. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. Carlisle Companies’s revenue was down 4.0% on a year-over-year basis. On average, equities analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio is presently 25.87%.

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.