Hsbc Holdings PLC Sells 2,090 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Hsbc Holdings PLC reduced its stake in Carlisle Companies by 4.6%, owning 43,785 shares valued at approximately $14.9 million as of the latest SEC filing.
• Carlisle Companies reported earnings per share (EPS) of $6.27 for the quarter, missing expectations of $6.67, and experienced a slight 0.1% decline in revenue year-over-year.
• The company has increased its quarterly dividend to $1.10 per share from $1.00, reflecting a 1.1% dividend yield and a payout ratio of 24.58%.

Hsbc Holdings PLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,785 shares of the conglomerate's stock after selling 2,090 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of Carlisle Companies worth $14,901,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CSL. NewEdge Advisors LLC raised its holdings in Carlisle Companies by 12.1% in the 4th quarter. NewEdge Advisors LLC now owns 909 shares of the conglomerate's stock valued at $335,000 after acquiring an additional 98 shares during the period. GeoWealth Management LLC raised its holdings in Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after acquiring an additional 29 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Carlisle Companies by 32.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 272 shares of the conglomerate's stock valued at $100,000 after acquiring an additional 66 shares during the period. Dark Forest Capital Management LP bought a new position in Carlisle Companies in the 4th quarter valued at about $261,000. Finally, Pinebridge Investments L.P. raised its holdings in Carlisle Companies by 7.4% in the 4th quarter. Pinebridge Investments L.P. now owns 11,846 shares of the conglomerate's stock valued at $4,369,000 after acquiring an additional 817 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CSL. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and lowered their target price for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price on the stock. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Carlisle Companies has an average rating of "Moderate Buy" and an average price target of $450.83.

Carlisle Companies Price Performance

Shares of NYSE CSL traded down $1.50 during trading hours on Friday, hitting $384.83. 34,541 shares of the stock were exchanged, compared to its average volume of 454,407. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company has a market cap of $16.45 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.05. The company's fifty day simple moving average is $390.64 and its two-hundred day simple moving average is $370.32.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $6.24 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $1.10 per share. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 19th. Carlisle Companies's payout ratio is 24.58%.

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.