Gulf International Bank UK Ltd Trims Stock Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Gulf International Bank UK Ltd reduced its stake in Carlisle Companies by 35.2%, holding 2,575 shares valued at $876,000 after selling 1,401 shares.
• Carlisle Companies announced a quarterly dividend of $1.10 per share, an increase from the previous $1.00, representing a 1.2% dividend yield.
• The company's recent earnings report showed $6.27 earnings per share, falling short of analysts' expectations of $6.67, with a slight 0.1% year-over-year decline in revenue.

Gulf International Bank UK Ltd reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 35.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,575 shares of the conglomerate's stock after selling 1,401 shares during the quarter. Gulf International Bank UK Ltd's holdings in Carlisle Companies were worth $876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Dagco Inc. acquired a new position in Carlisle Companies in the first quarter valued at $27,000. CX Institutional acquired a new position in Carlisle Companies in the first quarter valued at approximately $49,000. GeoWealth Management LLC lifted its position in shares of Carlisle Companies by 25.0% during 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. Wayfinding Financial LLC acquired a new position in shares of Carlisle Companies during the 1st quarter valued at $55,000. Finally, Allworth Financial LP lifted its position in shares of Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSL shares. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Truist Financial lowered their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price on the stock. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, 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 report on Thursday, April 24th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Stock Down 0.2%

NYSE:CSL traded down $0.6750 on Thursday, hitting $382.9850. The stock had a trading volume of 134,239 shares, compared to its average volume of 461,164. 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 stock has a market cap of $16.37 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.22 and a beta of 1.05. The firm's fifty day simple moving average is $386.73 and its two-hundred day simple moving average is $369.03. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS 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 business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the business posted $6.24 earnings per share. The business's revenue was down .1% compared to the same quarter last year. Analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a $1.10 dividend. This is an increase 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 dividend payout ratio (DPR) is 24.58%.

About Carlisle Companies

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.