Carlisle Companies Incorporated $CSL Stock Position Raised by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1,782.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,172 shares of the conglomerate’s stock after buying an additional 16,260 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Carlisle Companies were worth $6,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after purchasing an additional 130,235 shares during the last quarter. Bessemer Group Inc. grew its position in Carlisle Companies by 26.7% in the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after purchasing an additional 134,718 shares during the last quarter. Madison Asset Management LLC grew its position in Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after purchasing an additional 113,312 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock worth $170,017,000 after purchasing an additional 50,578 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Carlisle Companies by 1.4% during the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after acquiring an additional 6,948 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSL. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Vertical Research began coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Oppenheimer dropped their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Finally, Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $390.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $338.84 on Tuesday. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $472.66. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.14 and a beta of 1.00. The stock’s fifty day moving average price is $352.41 and its two-hundred day moving average price is $372.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $6.24 earnings per share. Carlisle Companies’s revenue was down .1% compared to the same quarter last year. On average, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a dividend of $1.10 per share. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s payout ratio is 24.58%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.