Hsbc Holdings PLC Decreases Stake in Carlisle Companies Incorporated $CSL

Hsbc Holdings PLC reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 19.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,394 shares of the conglomerate’s stock after selling 4,475 shares during the period. Hsbc Holdings PLC’s holdings in Carlisle Companies were worth $6,678,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies in the 4th quarter worth $27,000. Signature Equity Partners LLC grew its stake in Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $33,000. Jones Financial Companies Lllp acquired a new position in shares of Carlisle Companies in the second quarter valued at about $33,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies in the second quarter valued at about $35,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the subject of several research analyst reports. Robert W. Baird set a $412.00 price objective on Carlisle Companies in a research note on Thursday, July 30th. Truist Financial reduced their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. DA Davidson began coverage on shares of Carlisle Companies in a research note on Monday, August 24th. They set a “neutral” rating and a $410.00 price objective for the company. Finally, Weiss Ratings raised shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. 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, the company presently has a consensus rating of “Hold” and a consensus target price of $402.43.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $337.66 on Thursday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The stock has a market cap of $13.41 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. The business has a 50-day simple moving average of $354.90 and a 200-day simple moving average of $353.61.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $6.27 earnings per share. Carlisle Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts expect that Carlisle Companies Incorporated will post 21.27 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.5%. Carlisle Companies’s dividend payout ratio is 28.69%.

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.