Caitong International Asset Management Co. Ltd Raises Stock Position in Carlisle Companies Incorporated $CSL

Caitong International Asset Management Co. Ltd increased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 527.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69 shares of the conglomerate’s stock after purchasing an additional 58 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Carlisle Companies were worth $26,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GFG Capital LLC purchased a new stake in Carlisle Companies in the second quarter worth approximately $25,000. Hemington Wealth Management raised its position in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares during the period. Dagco Inc. bought a new position in Carlisle Companies in the first quarter worth approximately $27,000. Costello Asset Management INC bought a new position in Carlisle Companies in the second quarter worth approximately $34,000. Finally, MAI Capital Management raised its position in Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $339.50 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company has a market cap of $14.51 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.14 and a beta of 1.00. The firm’s fifty day moving average is $353.22 and its two-hundred day moving average is $372.35. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $472.66.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.24 earnings per share. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $1.10 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s payout ratio is presently 24.58%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CSL shares. Oppenheimer decreased their price target 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. Vertical Research started coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating on the stock. The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Finally, Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. 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 stock. Based on data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and an average price target of $390.00.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.