EFG Asset Management Americas Corp. Grows Position in Carlisle Companies Incorporated (NYSE:CSL)

EFG Asset Management Americas Corp. raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,313 shares of the conglomerate’s stock after acquiring an additional 1,206 shares during the period. EFG Asset Management Americas Corp.’s holdings in Carlisle Companies were worth $2,697,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CSL. Andra AP fonden boosted its stake in shares of Carlisle Companies by 26.1% in the 4th quarter. Andra AP fonden now owns 34,300 shares of the conglomerate’s stock worth $12,651,000 after buying an additional 7,100 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at $333,000. Welch & Forbes LLC boosted its holdings in shares of Carlisle Companies by 4.2% in the 4th quarter. Welch & Forbes LLC now owns 93,248 shares of the conglomerate’s stock worth $34,394,000 after buying an additional 3,800 shares during the last quarter. Candriam S.C.A. boosted its stake in Carlisle Companies by 1,043.6% in the fourth quarter. Candriam S.C.A. now owns 76,837 shares of the conglomerate’s stock valued at $28,341,000 after acquiring an additional 70,118 shares during the last quarter. Finally, Inceptionr LLC purchased a new stake in Carlisle Companies in the fourth quarter worth $1,835,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the subject of several recent research reports. Loop Capital decreased their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and an average target price of $476.00.

Carlisle Companies Stock Down 0.9 %

Shares of NYSE CSL opened at $333.98 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average of $367.58 and a 200-day moving average of $409.89. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 12 month low of $321.93 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter in the prior year, the company posted $4.17 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now owns 815 shares of the company’s stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

About Carlisle Companies

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.