Concentric Capital Strategies LP Purchases Shares of 27,875 Carlisle Companies Incorporated $CSL

Concentric Capital Strategies LP bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,875 shares of the conglomerate’s stock, valued at approximately $8,916,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. MML Investors Services LLC raised its holdings in shares of Carlisle Companies by 1.1% in the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock valued at $799,000 after purchasing an additional 27 shares during the period. Raiffeisen Bank International AG grew its holdings in Carlisle Companies by 12.8% during the fourth quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock worth $80,000 after purchasing an additional 28 shares during the period. Huntington National Bank increased its position in Carlisle Companies by 25.2% during the fourth quarter. Huntington National Bank now owns 169 shares of the conglomerate’s stock worth $54,000 after buying an additional 34 shares during the last quarter. Mackenzie Financial Corp increased its position in Carlisle Companies by 1.0% during the third quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock worth $1,160,000 after buying an additional 34 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its stake in Carlisle Companies by 3.5% in the third quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after buying an additional 35 shares during the period. 89.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CSL. 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 report on Friday, April 24th. JPMorgan Chase & Co. increased their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Oppenheimer upped their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Truist Financial increased their price objective 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. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Down 4.1%

CSL stock opened at $342.09 on Thursday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. 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 market capitalization of $13.84 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.12 and a beta of 0.86. The business’s fifty day moving average price is $347.64 and its two-hundred day moving average price is $351.07.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm posted $3.61 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Carlisle Companies Company 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.