Handelsbanken Fonder AB Has $41.61 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Handelsbanken Fonder AB lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 13.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,209 shares of the conglomerate's stock after selling 19,500 shares during the period. Handelsbanken Fonder AB owned about 0.28% of Carlisle Companies worth $41,612,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. TD Private Client Wealth LLC grew its position in Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after buying an additional 57 shares in the last quarter. 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. Farther Finance Advisors LLC grew its holdings in shares of Carlisle Companies by 95.1% during the 4th 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. Quarry LP increased its position in shares of Carlisle Companies by 39.8% in the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after purchasing an additional 53 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new position in Carlisle Companies in the fourth quarter valued at about $93,000. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSL shares. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Truist Financial decreased their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Robert W. Baird lifted their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $454.00.

Carlisle Companies Price Performance

NYSE:CSL traded down $11.01 on Friday, hitting $355.86. The company had a trading volume of 377,730 shares, compared to its average volume of 395,471. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.03 and a beta of 1.06. The firm has a 50 day moving average of $374.79 and a two-hundred day moving average of $373.61.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion during 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%. Carlisle Companies's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.72 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is currently 14.89%.

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.