Y Intercept Hong Kong Ltd Grows Stake in Carlisle Companies Incorporated $CSL

Y Intercept Hong Kong Ltd increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 158.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,342 shares of the conglomerate’s stock after purchasing an additional 27,170 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.10% of Carlisle Companies worth $14,587,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Carlisle Companies by 33.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after buying an additional 358,241 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Carlisle Companies by 11.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after acquiring an additional 130,235 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Carlisle Companies by 26.7% in the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after purchasing an additional 134,718 shares in the last quarter. First Trust Advisors LP grew its position in shares of Carlisle Companies by 6.7% in the second quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock valued at $200,000,000 after purchasing an additional 33,552 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Carlisle Companies by 27.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 490,329 shares of the conglomerate’s stock worth $183,089,000 after purchasing an additional 104,108 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 2.5%

CSL opened at $349.02 on Friday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The business has a 50-day moving average of $330.60 and a two-hundred day moving average of $350.82. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.12 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company earned $5.78 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is currently 24.96%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CSL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Oppenheimer decreased their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. JPMorgan Chase & Co. dropped their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Vertical Research started coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $386.67.

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.