Assenagon Asset Management S.A. Makes New Investment in Carlisle Companies Incorporated $CSL

Assenagon Asset Management S.A. purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 10,657 shares of the conglomerate’s stock, valued at approximately $3,555,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSL. State Street Corp lifted its stake in shares of Carlisle Companies by 6.9% in the 4th quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after acquiring an additional 134,241 shares during the period. Invesco Ltd. increased its stake in shares of Carlisle Companies by 2.6% during the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after acquiring an additional 27,049 shares during the period. Sands Capital Management LLC raised its holdings in Carlisle Companies by 13.9% during the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after purchasing an additional 118,139 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Carlisle Companies by 20.4% during the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after purchasing an additional 109,410 shares in the last quarter. Finally, Barclays PLC lifted its position in Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after purchasing an additional 451,662 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 2.4%

CSL opened at $379.07 on Tuesday. The firm has a market cap of $15.34 billion, a P/E ratio of 22.29, a PEG ratio of 1.22 and a beta of 0.86. The business’s fifty day simple moving average is $351.35 and its 200 day simple moving average is $353.94. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping the consensus estimate of $3.31 by $0.32. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. Carlisle Companies’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.61 EPS. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s payout ratio is currently 25.87%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CSL shares. Raymond James Financial started coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target on the stock. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Truist Financial upped their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $405.00.

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.