Eurizon Capital SGR S.p.A. Buys Shares of 6,282 Carlisle Companies Incorporated $CSL

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 6,282 shares of the conglomerate’s stock, valued at approximately $2,009,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new position in shares of Carlisle Companies during the 4th quarter valued at $27,000. Torren Management LLC bought a new position in shares of Carlisle Companies during the 4th quarter valued at $33,000. Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies during the 2nd quarter valued at $36,000. SBI Securities Co. Ltd. lifted its holdings in shares of Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after buying an additional 34 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in shares of Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after buying an additional 116 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CSL shares. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Robert W. Baird raised their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Truist Financial raised their target price on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $343.61 on Wednesday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The stock’s fifty day moving average is $344.94 and its 200 day moving average is $348.12. The stock has a market cap of $13.91 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.07 and a beta of 0.86. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

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

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) 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.