Carlisle Companies Incorporated $CSL Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1,782.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,172 shares of the conglomerate’s stock after acquiring an additional 16,260 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Carlisle Companies were worth $6,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GFG Capital LLC acquired a new stake in Carlisle Companies during the second quarter worth about $25,000. Hemington Wealth Management grew its position in Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Carlisle Companies by 527.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Dagco Inc. bought a new position in Carlisle Companies in the 1st quarter worth about $27,000. Finally, Costello Asset Management INC bought a new position in Carlisle Companies in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.1%

Shares of NYSE:CSL opened at $338.84 on Tuesday. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.14 and a beta of 1.00. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $472.66. 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 50 day moving average price of $352.41 and a 200 day moving average price of $372.32.

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

Carlisle Companies Increases Dividend

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

Analysts Set New Price Targets

Several research firms have commented on CSL. Truist Financial decreased their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, September 22nd. Oppenheimer decreased their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Vertical Research initiated coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Four equities research 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. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and a consensus 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.