27,875 Shares in Carlisle Companies Incorporated $CSL Purchased by Concentric Capital Strategies LP

Concentric Capital Strategies LP purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,875 shares of the conglomerate’s stock, valued at approximately $8,916,000. Concentric Capital Strategies LP owned approximately 0.07% of Carlisle Companies at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in shares of Carlisle Companies in the fourth quarter worth about $27,000. Torren Management LLC bought a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $33,000. Osterweis Capital Management Inc. bought a new stake in shares of Carlisle Companies during the second quarter valued at approximately $36,000. Quarry LP acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $36,000. Finally, Rothschild Investment LLC raised its position in Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Truist Financial boosted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Raymond James Financial initiated coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Oppenheimer boosted their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Down 4.1%

Shares of Carlisle Companies stock opened at $342.09 on Thursday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The business’s 50 day simple moving average is $347.64 and its 200 day simple moving average is $351.07. The firm has a market cap of $13.84 billion, a PE ratio of 20.11, a P/E/G ratio of 1.12 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $3.61 EPS. On average, analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s payout ratio is presently 25.87%.

Carlisle Companies 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.