Skandinaviska Enskilda Banken AB publ Trims Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Skandinaviska Enskilda Banken AB publ cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 43.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,017 shares of the conglomerate’s stock after selling 55,761 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Carlisle Companies were worth $26,919,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Achmea Investment Management B.V. boosted its stake in Carlisle Companies by 78.4% in the 4th quarter. Achmea Investment Management B.V. now owns 35,823 shares of the conglomerate’s stock worth $13,213,000 after purchasing an additional 15,740 shares in the last quarter. Tredje AP fonden lifted its stake in shares of Carlisle Companies by 282.6% in the 4th quarter. Tredje AP fonden now owns 29,776 shares of the conglomerate’s stock worth $10,983,000 after purchasing an additional 21,993 shares during the period. Farther Finance Advisors LLC increased its holdings in Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 78 shares in the last quarter. PFG Advisors increased its holdings in Carlisle Companies by 4.2% in the 4th quarter. PFG Advisors now owns 8,240 shares of the conglomerate’s stock worth $3,039,000 after acquiring an additional 329 shares in the last quarter. Finally, Inspire Advisors LLC increased its holdings in Carlisle Companies by 2.9% in the 4th quarter. Inspire Advisors LLC now owns 2,418 shares of the conglomerate’s stock worth $892,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CSL. The Goldman Sachs Group cut their price objective 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. Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Activity

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 0.9 %

Shares of CSL opened at $326.61 on Friday. Carlisle Companies Incorporated has a 52-week low of $321.93 and a 52-week high of $481.26. The company has a market capitalization of $14.55 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The stock has a fifty day simple moving average of $363.79 and a two-hundred day simple moving average of $407.17. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the prior year, the business posted $4.17 earnings per share. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s payout ratio is presently 14.48%.

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.