Tredje AP fonden Trims Stake in Carlisle Companies Incorporated $CSL

Tredje AP fonden lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 92.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,152 shares of the conglomerate’s stock after selling 67,210 shares during the period. Tredje AP fonden’s holdings in Carlisle Companies were worth $1,648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. Bank of New York Mellon Corp grew its holdings in Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after purchasing an additional 558,710 shares during the period. Barclays PLC grew its holdings in Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after purchasing an additional 451,662 shares during the period. Sands Capital Management LLC grew its holdings in Carlisle Companies by 99.2% in the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after purchasing an additional 423,141 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Carlisle Companies by 10,568.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after purchasing an additional 385,550 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Carlisle Companies in the fourth quarter worth about $76,626,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CSL. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. JPMorgan Chase & Co. upped their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Oppenheimer upped their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Robert W. Baird upped their price objective 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, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Up 0.9%

Shares of Carlisle Companies stock opened at $328.53 on Thursday. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.03 and a beta of 0.88. The company’s 50 day moving average is $345.50 and its 200 day moving average is $347.16. 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 data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.61 earnings per share. Research analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is 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.