Baader Bank Aktiengesellschaft Makes New Investment in Carlisle Companies Incorporated $CSL

Baader Bank Aktiengesellschaft bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, HoldingsChannel reports. The fund bought 1,555 shares of the conglomerate’s stock, valued at approximately $497,000.

Other institutional investors have also made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter valued at approximately $33,000. Osterweis Capital Management Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at approximately $36,000. SBI Securities Co. Ltd. increased its holdings in shares of Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 34 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at approximately $38,000. Finally, LRI Investments LLC bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at approximately $41,000. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CSL shares. Robert W. Baird boosted their price target on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Oppenheimer boosted their price target on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Trading Down 4.9%

NYSE:CSL opened at $330.97 on Friday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The firm has a market capitalization of $13.39 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.10 and a beta of 0.88. 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 50 day simple moving average of $347.40 and a 200 day simple moving average of $347.16.

Carlisle Companies (NYSE:CSL) last released 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 analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $3.61 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts predict that Carlisle Companies Incorporated will post 21.13 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. 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.