Carlisle Companies Incorporated $CSL Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 1.1% during the 1st quarter, Holdings Channel reports. The fund owned 163,328 shares of the conglomerate’s stock after acquiring an additional 1,810 shares during the quarter. Royal Bank of Canada’s holdings in Carlisle Companies were worth $54,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CSL. Goldman Sachs Group Inc. increased its stake 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 valued at $35,912,000 after acquiring an additional 28,414 shares during the period. Baird Financial Group Inc. raised 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 purchasing an additional 197 shares during the period. Jump Financial LLC purchased a new stake in Carlisle Companies during the second quarter valued at about $1,345,000. Bank of Nova Scotia lifted its position in shares of Carlisle Companies by 118.6% in the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after acquiring an additional 893 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Carlisle Companies by 40.0% in the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock valued at $43,088,000 after purchasing an additional 32,996 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $359.61 on Friday. The firm has a market capitalization of $14.55 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.14 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 stock has a fifty day moving average price of $348.52 and a two-hundred day moving average price of $356.10. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 46.29%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $6.27 EPS. As a group, analysts anticipate that Carlisle Companies Incorporated will post 21.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSL. Truist Financial lowered their price objective 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. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price on the stock. Finally, Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a report on Thursday. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.

Carlisle Companies Company 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.