OP Asset Management Ltd Invests $1.48 Million in Carlisle Companies Incorporated $CSL

OP Asset Management Ltd acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,441 shares of the conglomerate’s stock, valued at approximately $1,482,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. boosted its stake in Carlisle Companies by 51.8% in the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after buying an additional 9,673 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $76,626,000. SG Americas Securities LLC lifted its holdings in shares of Carlisle Companies by 744.0% in the 4th quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after acquiring an additional 80,368 shares during the last quarter. Sands Capital Management LLC boosted its stake in shares of Carlisle Companies by 99.2% in the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after purchasing an additional 423,141 shares in the last quarter. Finally, Waycross Partners LLC boosted its stake in shares of Carlisle Companies by 35.4% in the 4th quarter. Waycross Partners LLC now owns 54,465 shares of the conglomerate’s stock valued at $17,421,000 after purchasing an additional 14,228 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Truist Financial upped their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Robert W. Baird raised their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Finally, Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Down 2.4%

Shares of NYSE CSL opened at $379.07 on Tuesday. The firm’s fifty day moving average is $351.35 and its 200 day 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. The company has a market cap of $15.34 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.22 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.32. The business 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%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 EPS. On average, equities research analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Carlisle Companies Profile

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.