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

Y Intercept Hong Kong Ltd bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,542 shares of the conglomerate’s stock, valued at approximately $2,183,000.

A number of other institutional investors also recently added to or reduced their stakes in CSL. BOK Financial Private Wealth Inc. bought a new stake in shares of Carlisle Companies during the fourth quarter valued at about $27,000. Torren Management LLC acquired a new stake in Carlisle Companies in the fourth quarter worth about $33,000. Osterweis Capital Management Inc. bought a new position in Carlisle Companies in the 2nd quarter valued at about $36,000. Quarry LP bought a new position in Carlisle Companies in the 4th quarter valued at about $36,000. Finally, Rothschild Investment LLC increased its stake in Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $331.55 on Thursday. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The company’s 50-day moving average price is $351.08 and its two-hundred day moving average price is $355.25. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The stock has a market cap of $13.42 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.11 and a beta of 0.85.

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, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company earned $3.61 EPS. Carlisle Companies’s revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

Analyst Ratings Changes

CSL has been the topic of a number of recent analyst reports. 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 on the stock. Truist Financial decreased their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday. Robert W. Baird raised their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Oppenheimer boosted their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $402.14.

Carlisle Companies News Roundup

Here are the key news stories impacting Carlisle Companies this week:

• Negative Sentiment: Shares are being weighed down by a reported unsolicited takeover approach for Owens Corning, a potential deal that could exceed $10 billion and raise concerns about financing, leverage, valuation, and execution risk for Carlisle. Carlisle Companies Slides as Investors Weigh Reported Owens Corning Takeover Approach
• Negative Sentiment: Truist cut its price target on CSL to $340 from $360 while maintaining a hold rating, reinforcing a more cautious near-term tone from analysts. Carlisle Companies Price Target Lowered to $340.00 at Truist Financial
• Neutral Sentiment: Zacks Research nudged several future earnings estimates slightly higher for Carlisle, which is supportive on fundamentals but not enough to offset the takeover-related concerns. Carlisle Companies Incorporated research update

About Carlisle Companies

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.