EFG Asset Management Americas Corp. Has $842,000 Holdings in Carlisle Companies Incorporated $CSL

EFG Asset Management Americas Corp. lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 63.6% in the third quarter, HoldingsChannel reports. The fund owned 2,559 shares of the conglomerate’s stock after selling 4,476 shares during the period. EFG Asset Management Americas Corp.’s holdings in Carlisle Companies were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in CSL. Elevation Point Wealth Partners LLC bought a new stake in Carlisle Companies in the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Carlisle Companies during the 2nd quarter worth $25,000. Traub Capital Management LLC bought a new position in Carlisle Companies during the 2nd quarter worth $28,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after buying an additional 32 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Carlisle Companies in the second quarter valued at about $36,000. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CSL. JPMorgan Chase & Co. upped their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. Finally, William Blair initiated coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $399.17.

Carlisle Companies Stock Down 0.7%

CSL stock opened at $341.13 on Friday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The business has a 50-day simple moving average of $372.70 and a 200 day simple moving average of $347.51. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The company has a market cap of $13.95 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $4.47 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

Insider Activity

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total value of $2,524,610.64. Following the sale, the insider owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David W. Smith sold 1,800 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the transaction, the vice president owned 3,697 shares in the company, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 68,289 shares of company stock valued at $28,125,467. 1.50% of the stock is owned by insiders.

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.