LGT Capital Partners LTD. Boosts Position in Carlisle Companies Incorporated $CSL

LGT Capital Partners LTD. increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,030 shares of the conglomerate’s stock after purchasing an additional 4,240 shares during the quarter. Carlisle Companies accounts for approximately 1.2% of LGT Capital Partners LTD.’s portfolio, making the stock its 28th biggest position. LGT Capital Partners LTD. owned about 0.17% of Carlisle Companies worth $23,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Carlisle Companies by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after purchasing an additional 8,701 shares during the last quarter. Citigroup Inc. increased its position in shares of Carlisle Companies by 51.8% during the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after purchasing an additional 9,673 shares during the last quarter. M&G PLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter worth about $11,913,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Carlisle Companies during the 4th quarter worth about $76,626,000. Finally, SG Americas Securities LLC increased its position in shares of Carlisle Companies by 744.0% during the 4th quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after purchasing an additional 80,368 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSL has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Oppenheimer raised 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 research report on Friday, March 27th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Finally, Robert W. Baird raised their price objective on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Performance

NYSE CSL opened at $338.07 on Tuesday. The company has a market cap of $13.68 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.09 and a beta of 0.86. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The stock has a 50-day moving average of $345.63 and a two-hundred day moving average of $349.30. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last released its 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.Carlisle Companies’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.61 EPS. As a group, analysts anticipate that Carlisle Companies Incorporated will post 21.18 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s payout ratio is currently 25.87%.

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.