Point72 Asia Singapore Pte. Ltd. Makes New $1.14 Million Investment in Carlisle Companies Incorporated (NYSE:CSL)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,093 shares of the conglomerate’s stock, valued at approximately $1,141,000.

Other large investors have also made changes to their positions in the company. Moody National Bank Trust Division purchased a new position in shares of Carlisle Companies during the 4th quarter valued at about $872,000. Asset Management One Co. Ltd. raised its position in Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock valued at $7,695,000 after acquiring an additional 1,102 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Carlisle Companies by 2.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock valued at $535,000 after acquiring an additional 38 shares during the period. Mediolanum International Funds Ltd grew its stake in shares of Carlisle Companies by 4.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 27,825 shares of the conglomerate’s stock worth $10,233,000 after purchasing an additional 1,119 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Carlisle Companies by 207.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 6,256 shares of the conglomerate’s stock valued at $2,307,000 after purchasing an additional 4,223 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSL. Truist Financial lowered their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Finally, StockNews.com raised Carlisle Companies from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $454.00.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $398.46 on Thursday. The stock has a market capitalization of $17.23 billion, a P/E ratio of 14.42, a PEG ratio of 1.03 and a beta of 1.07. The business has a 50 day simple moving average of $354.99 and a two-hundred day simple moving average of $381.42. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.72 EPS. As a group, analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies’s dividend payout ratio (DPR) is 14.89%.

Carlisle Companies 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.