Hsbc Holdings PLC Acquires 7,104 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Posted by Defense World Staff on Feb 26th, 2023

Hsbc Holdings PLC raised its holdings in Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 130.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,532 shares of the conglomerate’s stock after buying an additional 7,104 shares during the period. Hsbc Holdings PLC’s holdings in Carlisle Companies were worth $3,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cibc World Market Inc. bought a new position in shares of Carlisle Companies in the second quarter valued at $2,751,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Carlisle Companies by 16.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,043 shares of the conglomerate’s stock valued at $965,000 after purchasing an additional 561 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Carlisle Companies by 3.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 28,809 shares of the conglomerate’s stock valued at $6,874,000 after purchasing an additional 921 shares in the last quarter. TrueWealth Advisors LLC bought a new position in shares of Carlisle Companies during the third quarter valued at about $224,000. Finally, Glenview Trust Co lifted its position in shares of Carlisle Companies by 2.5% during the second quarter. Glenview Trust Co now owns 1,988 shares of the conglomerate’s stock valued at $474,000 after purchasing an additional 48 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent analyst reports. Credit Suisse Group dropped their price target on shares of Carlisle Companies from $363.00 to $350.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st. Robert W. Baird raised their price objective on shares of Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. Wells Fargo & Company raised their price objective on shares of Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. Finally, StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Carlisle Companies has a consensus rating of “Buy” and a consensus target price of $331.00.

Insider Activity at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 8,111 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $253.35, for a total transaction of $2,054,921.85. Following the completion of the transaction, the chief financial officer now owns 30,515 shares of the company’s stock, valued at $7,730,975.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Carlisle Companies Price Performance

CSL opened at $257.51 on Friday. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.69 and a beta of 0.96. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $245.28 and a 200-day moving average price of $265.51. Carlisle Companies Incorporated has a twelve month low of $217.92 and a twelve month high of $318.71.

Carlisle Companies (NYSE:CSL – Get Rating) last posted its earnings results on Tuesday, February 7th. The conglomerate reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.86 by $0.06. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Carlisle Companies had a net margin of 14.02% and a return on equity of 36.27%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.92 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 21.78 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 17th will be paid a $0.75 dividend. The ex-dividend date is Thursday, February 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. Carlisle Companies’s payout ratio is 17.09%.

Carlisle Companies Company Profile

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Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT). The CCM segment offers a range of building envelope products for commercial, industrial, and residential buildings, including single-ply roofing, rigid foam insulation, spray polyurethane foam technologies, architectural metal, heating, ventilation and air conditioning (HVAC) hardware and sealants, below-grade waterproofing, and air and vapor barrier systems focused on the weatherproofing and thermal performance of the building envelope.