LGT Capital Partners LTD. lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,030 shares of the conglomerate’s stock after buying an additional 4,240 shares during the quarter. Carlisle Companies makes up approximately 1.2% of LGT Capital Partners LTD.’s portfolio, making the stock its 28th biggest position. LGT Capital Partners LTD.’s holdings in Carlisle Companies were worth $23,359,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in CSL. Goldman Sachs Group Inc. grew its position in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after buying an additional 28,414 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Carlisle Companies by 8.4% during the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after buying an additional 197 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Carlisle Companies during the second quarter worth about $1,345,000. Bank of Nova Scotia grew its position in shares of Carlisle Companies by 118.6% during the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after buying an additional 893 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Carlisle Companies by 40.0% during the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after buying an additional 32,996 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.
Carlisle Companies Price Performance
CSL stock opened at $338.07 on Tuesday. The business has a 50 day moving average price of $345.63 and a 200 day moving average price of $349.30. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.09 and a beta of 0.86. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74.
Carlisle Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $1.10 dividend. The ex-dividend date was 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%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on CSL shares. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Robert W. Baird boosted their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock 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 research note on Friday, April 24th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Raymond James Financial started coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $405.00.
View Our Latest Stock Report on Carlisle Companies
Carlisle Companies 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.
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