Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 1,400 Shares of Carlisle Companies Incorporated $CSL

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,800 shares of the conglomerate’s stock after acquiring an additional 1,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carlisle Companies were worth $4,869,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CSL. JPMorgan Chase & Co. grew its holdings in shares of Carlisle Companies by 33.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after purchasing an additional 358,241 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Carlisle Companies by 11.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after purchasing an additional 130,235 shares during the period. Bessemer Group Inc. lifted its position in Carlisle Companies by 26.7% in the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after purchasing an additional 134,718 shares during the period. First Trust Advisors LP boosted its stake in Carlisle Companies by 6.7% during the second quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock worth $200,000,000 after buying an additional 33,552 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Carlisle Companies by 27.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 490,329 shares of the conglomerate’s stock valued at $183,089,000 after buying an additional 104,108 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.5%

Shares of CSL opened at $364.49 on Monday. The company has a market capitalization of $15.23 billion, a P/E ratio of 20.67, a PEG ratio of 1.13 and a beta of 0.95. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The business’s 50 day simple moving average is $326.59 and its 200-day simple moving average is $351.64. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.14. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.78 EPS. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Carlisle Companies’s dividend payout ratio is currently 24.96%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CSL. Robert W. Baird reduced their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a report on Monday, October 13th. The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Oppenheimer cut their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Finally, Vertical Research began coverage on Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $386.67.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.