Groupe la Francaise Lowers Stake in Carlisle Companies Incorporated $CSL

Groupe la Francaise reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 39.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,320 shares of the conglomerate’s stock after selling 2,142 shares during the period. Groupe la Francaise’s holdings in Carlisle Companies were worth $1,108,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. BOK Financial Private Wealth Inc. purchased a new stake in shares of Carlisle Companies during the fourth quarter worth about $27,000. Osterweis Capital Management Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter worth about $36,000. Signature Equity Partners LLC raised its holdings in Carlisle Companies by 3,133.3% in the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after buying an additional 94 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $33,000. Finally, Quarry LP bought a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a report on Thursday. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Oppenheimer raised 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $401.17.

Carlisle Companies Price Performance

CSL opened at $359.61 on Friday. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.14 and a beta of 0.85. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91. The business’s fifty day simple moving average is $348.52 and its 200-day simple moving average is $356.10.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 46.29%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm earned $6.27 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 21.21 earnings per share for the current fiscal year.

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.