Lansforsakringar Fondforvaltning AB publ Acquires 1,323 Shares of Carlisle Companies Incorporated $CSL

Lansforsakringar Fondforvaltning AB publ increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,110 shares of the conglomerate’s stock after acquiring an additional 1,323 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Carlisle Companies were worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CSL. Goldman Sachs Group Inc. grew its holdings in Carlisle Companies by 36.9% in the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Carlisle Companies by 2.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 93,443 shares of the conglomerate’s stock worth $34,892,000 after buying an additional 2,534 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Carlisle Companies by 22.3% in the 2nd quarter. Resonant Capital Advisors LLC now owns 998 shares of the conglomerate’s stock worth $373,000 after buying an additional 182 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Carlisle Companies by 9.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 218,825 shares of the conglomerate’s stock valued at $81,709,000 after buying an additional 18,002 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in Carlisle Companies by 1,782.9% during the second quarter. Y Intercept Hong Kong Ltd now owns 17,172 shares of the conglomerate’s stock valued at $6,412,000 after buying an additional 16,260 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

NYSE CSL opened at $407.88 on Wednesday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The stock has a 50-day moving average of $361.41 and a 200 day moving average of $348.62. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. The company has a market capitalization of $16.67 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.27 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $4.47 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s payout ratio is currently 25.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSL. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. William Blair initiated coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating on the stock. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Truist Financial dropped their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $392.50.

Insider Transactions at Carlisle Companies

In related news, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the sale, the insider owned 8,540 shares in the company, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David W. Smith sold 1,800 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the transaction, the vice president directly owned 3,697 shares in the company, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,289 shares of company stock valued at $28,125,467 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

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.