Kepler Cheuvreux Suisse SA Takes $483,000 Position in Carlisle Companies Incorporated $CSL

Kepler Cheuvreux Suisse SA bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,449 shares of the conglomerate’s stock, valued at approximately $483,000.

Several other hedge funds have also added to or reduced their stakes in CSL. MML Investors Services LLC boosted its stake in 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 lifted its holdings in shares of 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 buying an additional 28 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Carlisle Companies by 1.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after buying an additional 29 shares in the last quarter. Next Level Private LLC boosted its position in shares of Carlisle Companies by 0.3% in the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock valued at $4,092,000 after acquiring an additional 33 shares during the period. Finally, Huntington National Bank boosted its position in shares of Carlisle Companies by 25.2% in the fourth quarter. Huntington National Bank now owns 169 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 34 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and an average price target of $405.00.

Carlisle Companies Stock Down 0.1%

NYSE CSL opened at $366.37 on Monday. The business has a fifty day moving average price of $351.74 and a two-hundred day moving average price of $354.84. The stock has a market capitalization of $14.83 billion, a PE ratio of 21.54, a PEG ratio of 1.16 and a beta of 0.85. 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.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.45 billion. During the same quarter last year, the company posted $3.61 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date 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.