OP Asset Management Ltd Takes $1.48 Million Position in Carlisle Companies Incorporated $CSL

OP Asset Management Ltd bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 4,441 shares of the conglomerate’s stock, valued at approximately $1,482,000.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CSL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Raymond James Financial started coverage on shares of Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. Truist Financial upped their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Oppenheimer lifted their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $379.07 on Tuesday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $15.34 billion, a P/E ratio of 22.29, a PEG ratio of 1.22 and a beta of 0.86. The stock’s 50 day moving average is $351.35 and its 200 day moving average is $353.94.

Carlisle Companies (NYSE:CSL) last announced 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 return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business earned $3.61 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s payout ratio is currently 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.