SG Americas Securities LLC Decreases Stock Position in Carlisle Companies Incorporated $CSL

SG Americas Securities LLC trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 71.2% in the first quarter, Holdings Channel.com reports. The firm owned 26,291 shares of the conglomerate’s stock after selling 64,879 shares during the period. SG Americas Securities LLC’s holdings in Carlisle Companies were worth $8,771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSL. Barclays PLC lifted its holdings in Carlisle Companies by 947.3% in the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after buying an additional 451,662 shares in the last quarter. First Manhattan CO. LLC. acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at about $140,256,000. Sands Capital Management LLC increased its position in shares of Carlisle Companies by 99.2% during the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after acquiring an additional 423,141 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Carlisle Companies by 10,568.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after acquiring an additional 385,550 shares during the last quarter. Finally, Generation Investment Management LLP acquired a new position in shares of Carlisle Companies in the fourth quarter worth about $109,217,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. JPMorgan Chase & Co. upped their target price on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Raymond James Financial started coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Truist Financial raised their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Finally, Robert W. Baird lifted their price target on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $388.75 on Friday. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.22 and a beta of 0.86. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company’s 50-day simple moving average is $350.72 and its 200-day simple moving average is $353.30. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $3.61 earnings per share. Carlisle Companies’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s payout ratio is 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.