EFG Asset Management Americas Corp. Acquires 664 Shares of Carlisle Companies Incorporated $CSL

EFG Asset Management Americas Corp. grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,035 shares of the conglomerate’s stock after acquiring an additional 664 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Carlisle Companies were worth $2,627,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CSL. Boston Common Asset Management LLC boosted its position in Carlisle Companies by 9.4% in the second quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock valued at $5,210,000 after buying an additional 1,202 shares in the last quarter. EFG Asset Management North America Corp. boosted its holdings in shares of Carlisle Companies by 11.3% during the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after acquiring an additional 885 shares in the last quarter. Andra AP fonden grew its position in Carlisle Companies by 1,207.7% during the 2nd quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock worth $10,249,000 after acquiring an additional 25,350 shares during the last quarter. Blair William & Co. IL acquired a new position in Carlisle Companies in the 2nd quarter worth about $223,000. Finally, Strs Ohio acquired a new position in Carlisle Companies in the 1st quarter worth about $17,025,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 0.8%

Shares of NYSE:CSL opened at $304.03 on Thursday. Carlisle Companies Incorporated has a 1 year low of $295.09 and a 1 year high of $472.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The business’s 50-day moving average is $329.27 and its 200-day moving average is $367.08. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 1.4%. Carlisle Companies’s dividend payout ratio is currently 24.96%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Carlisle Companies in a report on Thursday, October 30th. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Robert W. Baird decreased their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Truist Financial reduced their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group cut their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $386.67.

About Carlisle Companies

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.