Hsbc Holdings PLC Raises Stake in Carlisle Companies Incorporated (NYSE:CSL)

Hsbc Holdings PLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,875 shares of the conglomerate's stock after purchasing an additional 10,778 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Carlisle Companies worth $16,916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. TD Private Client Wealth LLC lifted its position in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after buying an additional 57 shares during the last quarter. GeoWealth Management LLC grew its holdings in shares of Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after purchasing an additional 78 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 67 shares during the last quarter. Finally, MV Capital Management Inc. boosted its position in shares of Carlisle Companies by 253.5% in the 4th quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate's stock valued at $93,000 after purchasing an additional 180 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of NYSE CSL traded up $7.85 during midday trading on Friday, hitting $387.64. The company had a trading volume of 61,305 shares, compared to its average volume of 390,068. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $344.86 and a two-hundred day simple moving average of $385.66. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

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, topping analysts' consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.72 EPS. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Insider Buying and Selling

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares of the company's stock, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of the stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Company 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.