Groupe la Francaise Decreases Stock Holdings in Carlisle Companies Incorporated $CSL

Groupe la Francaise lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 39.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,320 shares of the conglomerate’s stock after selling 2,142 shares during the quarter. Groupe la Francaise’s holdings in Carlisle Companies were worth $1,108,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CSL. State Street Corp boosted its holdings in shares of Carlisle Companies by 6.9% in the 4th quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after buying an additional 134,241 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after acquiring an additional 251,614 shares in the last quarter. Invesco Ltd. lifted its position in Carlisle Companies by 2.6% during the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after acquiring an additional 27,049 shares during the last quarter. Sands Capital Management LLC lifted its position in Carlisle Companies by 13.9% during the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock valued at $309,509,000 after acquiring an additional 118,139 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Carlisle Companies by 20.4% in the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after acquiring an additional 109,410 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $359.61 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The business has a fifty day moving average of $348.52 and a 200 day moving average of $356.10. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $432.91.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 46.29%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $6.27 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, research analysts expect that Carlisle Companies Incorporated will post 21.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of recent analyst reports. Robert W. Baird set a $412.00 price target on Carlisle Companies in a research report on Thursday. Raymond James Financial assumed coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Oppenheimer boosted their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Truist Financial decreased their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.

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.