Legal & General Group Plc Sells 2,490 Shares of Carlisle Companies Incorporated $CSL

Legal & General Group Plc lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 157,838 shares of the conglomerate’s stock after selling 2,490 shares during the period. Legal & General Group Plc’s holdings in Carlisle Companies were worth $50,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSL. Goldman Sachs Group Inc. lifted its position in Carlisle Companies by 36.9% in the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares during the last quarter. Baird Financial Group Inc. lifted its position in Carlisle Companies by 8.4% in the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock valued at $952,000 after purchasing an additional 197 shares during the last quarter. Jump Financial LLC bought a new stake in Carlisle Companies in the second quarter valued at approximately $1,345,000. Bank of Nova Scotia lifted its position in Carlisle Companies by 118.6% in the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after purchasing an additional 893 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Carlisle Companies by 40.0% in the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock valued at $43,088,000 after purchasing an additional 32,996 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CSL shares. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Oppenheimer boosted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Truist Financial boosted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and an average target price of $405.00.

Carlisle Companies Price Performance

Shares of CSL stock opened at $344.99 on Friday. The stock has a market cap of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.08 and a beta of 0.88. The business’s fifty day moving average is $344.83 and its 200 day moving average is $347.77. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. 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 (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 earnings per share. Research analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies’s dividend payout ratio is presently 25.87%.

About Carlisle Companies

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.