Concurrent Investment Advisors LLC Takes Position in Carlisle Companies Incorporated $CSL

Concurrent Investment Advisors LLC purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,418 shares of the conglomerate’s stock, valued at approximately $466,000.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSL. Truist Financial dropped their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Vertical Research initiated coverage on Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. The Goldman Sachs Group cut their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Finally, Oppenheimer cut their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Trading Down 0.5%

Carlisle Companies stock opened at $364.49 on Tuesday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The business’s fifty day moving average is $327.52 and its 200 day moving average is $351.40. The stock has a market capitalization of $15.23 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. 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 earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.Carlisle Companies’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.78 EPS. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a dividend of $1.10 per share. The ex-dividend date 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 24.96%.

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.