Axa S.A. Trims Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

AXA S.A. trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,701 shares of the conglomerate's stock after selling 5,501 shares during the period. AXA S.A. owned about 0.06% of Carlisle Companies worth $9,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pensionfund Sabic acquired a new stake in Carlisle Companies in the 4th quarter valued at $1,291,000. Nordea Investment Management AB boosted its holdings in Carlisle Companies by 3.9% in the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock valued at $1,440,000 after purchasing an additional 145 shares during the period. Moody National Bank Trust Division bought a new stake in Carlisle Companies in the 4th quarter valued at about $872,000. Asset Management One Co. Ltd. lifted its holdings in shares of Carlisle Companies by 5.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock worth $7,695,000 after acquiring an additional 1,102 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after acquiring an additional 38 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 0.2%

Shares of Carlisle Companies stock traded down $0.67 during trading hours on Friday, reaching $390.52. The company's stock had a trading volume of 298,388 shares, compared to its average volume of 393,793. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock's fifty day simple moving average is $351.12 and its two-hundred day simple moving average is $381.27. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company has a market capitalization of $16.89 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.03 and a beta of 1.07.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm earned $3.72 earnings per share. The firm's revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.02%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. StockNews.com upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average price target of $454.00.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.