First Trust Advisors LP Sells 39,760 Shares of Carlisle Companies Incorporated $CSL

First Trust Advisors LP trimmed its position in Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 24.0% during the 1st quarter, HoldingsChannel reports. The firm owned 126,224 shares of the conglomerate’s stock after selling 39,760 shares during the quarter. First Trust Advisors LP’s holdings in Carlisle Companies were worth $42,111,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MML Investors Services LLC boosted its stake in Carlisle Companies by 1.1% during the fourth quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock valued at $799,000 after buying an additional 27 shares during the last quarter. Raiffeisen Bank International AG grew its holdings in Carlisle Companies by 12.8% during the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after buying an additional 28 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Carlisle Companies by 1.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after acquiring an additional 29 shares during the last quarter. Boston Common Asset Management LLC increased its stake in Carlisle Companies by 0.6% in the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after acquiring an additional 30 shares during the last quarter. Finally, Next Level Private LLC raised its holdings in shares of Carlisle Companies by 0.3% during the 1st quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock worth $4,092,000 after acquiring an additional 33 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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Carlisle Companies Price Performance

NYSE:CSL opened at $340.81 on Tuesday. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.06 and a beta of 0.85. 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 $346.74 and a 200-day simple moving average of $355.88. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research reports. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Truist Financial reduced their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Robert W. Baird lowered their price objective on shares of Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Finally, Oppenheimer boosted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $399.29.

View Our Latest Stock Report on CSL

About Carlisle Companies

(Free Report)

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.

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