EFG Asset Management Americas Corp. Has $2.63 Million Position in Carlisle Companies Incorporated $CSL

EFG Asset Management Americas Corp. grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 10.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,035 shares of the conglomerate’s stock after purchasing an additional 664 shares during the period. EFG Asset Management Americas Corp.’s holdings in Carlisle Companies were worth $2,627,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Sierra Legacy Group bought a new stake in Carlisle Companies during the 2nd quarter worth about $764,000. TD Waterhouse Canada Inc. increased its position in shares of Carlisle Companies by 32.9% in the second quarter. TD Waterhouse Canada Inc. now owns 214 shares of the conglomerate’s stock valued at $83,000 after acquiring an additional 53 shares during the last quarter. Traub Capital Management LLC bought a new stake in Carlisle Companies during the second quarter worth about $28,000. Wealthspire Advisors LLC acquired a new position in Carlisle Companies during the second quarter valued at approximately $229,000. Finally, Inspire Advisors LLC boosted its position in Carlisle Companies by 13.7% during the second quarter. Inspire Advisors LLC now owns 3,057 shares of the conglomerate’s stock valued at $1,142,000 after purchasing an additional 369 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial lowered their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. decreased their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Robert W. Baird reduced their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Finally, Oppenheimer cut 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 note on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $304.03 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a 12-month low of $295.09 and a 12-month high of $472.66. The company’s 50 day moving average price is $329.27 and its two-hundred day moving average price is $367.08. The firm has a market cap of $12.70 billion, a PE ratio of 17.24, a PEG ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $5.78 EPS. Carlisle Companies has set its FY 2025 guidance at EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Carlisle Companies’s dividend payout ratio is 24.96%.

Carlisle Companies Company Profile

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.